PL EN


2014 | 6 | 81-101
Article title

SHIFTING FROM LABOR TO CONSUMPTION TAXES: THE IMPACT ON TAX REVENUE VOLATILITY

Selected contents from this journal
Title variants
PL
PRZEJŚCIE OD OPODATKOWANIA PRACY DO OPODATKOWANIA KONSUMPCJI – WPŁYW NA ZMIENNOŚĆ DOCHODÓW PODATKOWYCH PAŃSTWA
Languages of publication
EN
Abstracts
EN
The paper provides estimates of tax revenues with respect to their individual tax bases, focusing on differences between long- and short-run elasticities and allowing for asymmetries in the speed of adjustment as well as in short-run volatility. Estimates are presented for two major tax categories in Poland: value added tax, and employer and employee social contributions for the 1999-2013 period. The authors’ results indicate that long-run elasticities are close to unity. An analysis of short-run elasticities based on considering their asymmetric responses to economic fluctuations, complemented by a rolling regression exercise, suggests that VAT revenues are subject to greater volatility. Therefore, a shift in taxation from labor income to consumption increases the sensitivity of public finances to the business cycle.
Year
Issue
6
Pages
81-101
Physical description
Dates
published
2015-02-28
online
2015-02-28
Contributors
References
Document Type
Publication order reference
Identifiers
ISSN
0867-0005
YADDA identifier
bwmeta1.element.desklight-3b0344af-3c82-46a0-b24c-c17e8877a0cb
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