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Do revenue-neutral tax swaps boost growth?
- Source :
-
Journal of Economic Policy Reform . Dec2023, Vol. 26 Issue 4, p401-420. 20p. - Publication Year :
- 2023
-
Abstract
- Do revenue-neutral tax swaps boost growth? To answer this question, we use a panel data set of nine OECD countries for the period 1981-2017 and arrive at the following main results under revenue-neutral conditions: First, the most growth-damaging tax is the corporate income tax, followed by the personal income tax. Second, a shift from income taxes to consumption taxes is associated with higher growth, while a shift from social security contributions and property taxes to payroll & workforce taxes has significant negative effects on growth. Overall, our results confirm the view that revenue-neutral tax reforms focusing on a shift from income taxation to consumption and property taxation would promote growth. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 17487870
- Volume :
- 26
- Issue :
- 4
- Database :
- Academic Search Index
- Journal :
- Journal of Economic Policy Reform
- Publication Type :
- Academic Journal
- Accession number :
- 173928953
- Full Text :
- https://doi.org/10.1080/17487870.2023.2238107