Ghysels, Eric
Real-time forecasts of State and Local Government budgets with an application to the COVID-19 pandemic / Eric Ghysels, Fotis Grigoris and Nazire Özkan
Skepticism exists regarding the revenue potential of a subnational value-added tax (VAT). India is one of only three countries to embrace a subnational VAT, and it did so between 2003 and 2008. We analyze the impact of this historic policy reform on revenue productivity and find that implementation of the tax yields a 13 percent increase in sales tax revenue for India’s more developed states. This analysis is unique in providing empirical evidence of a revenue impact of a major tax policy reform for a subset of subnational governments in a developing country.
POLITICA FISCAL
PRESUPUESTOS
GASTO PUBLICO
CORONAVIRUS
Grigoris, Fotis
Özkan, Nazire
National Tax Journal 0028-0283 v. 75, n. 4, december 2022, p. 731-764
Real-time forecasts of State and Local Government budgets with an application to the COVID-19 pandemic / Eric Ghysels, Fotis Grigoris and Nazire Özkan
Skepticism exists regarding the revenue potential of a subnational value-added tax (VAT). India is one of only three countries to embrace a subnational VAT, and it did so between 2003 and 2008. We analyze the impact of this historic policy reform on revenue productivity and find that implementation of the tax yields a 13 percent increase in sales tax revenue for India’s more developed states. This analysis is unique in providing empirical evidence of a revenue impact of a major tax policy reform for a subset of subnational governments in a developing country.
POLITICA FISCAL
PRESUPUESTOS
GASTO PUBLICO
CORONAVIRUS
Grigoris, Fotis
Özkan, Nazire
National Tax Journal 0028-0283 v. 75, n. 4, december 2022, p. 731-764