Real-time forecasts of State and Local Government budgets with an application to the COVID-19 pandemic Eric Ghysels, Fotis Grigoris and Nazire Özkan
By: Ghysels, Eric
.
Contributor(s): Grigoris, Fotis | Özkan, Nazire.
Material type: 
ArticleSubject(s): POLITICA FISCAL | PRESUPUESTOS | GASTO PUBLICO | CORONAVIRUS
In:
National Tax Journal v. 75, n. 4, december 2022, p. 731-764Summary: 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.
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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.
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