How does fiscal reform affect the elasticity of income tax revenues? The case of Spain, 2003-2008

Q3 Social Sciences

International Journal of Public Policy Pub Date : 2017-01-01 DOI:10.1504/IJPP.2017.10008750

D. M. López

引用次数: 2

Abstract

This paper estimates the extent to which an exogenous change in income affects income tax revenues. We focus on the case of Spain over the period 2003-2008, as the income tax experienced a substantial reform in 2007. Using both an analytical method and a numerical simulation, we find a significant increase in aggregate income tax elasticities from 1.4 for 2003-2006 to around 1.8 for 2007-2008. The sensitivity of results to the presence of housing tax credits, non-equiproportional variations in income, changes in income inequality and fiscal drag is also considered. Finally, some policy implications are drawn.

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财政改革如何影响所得税收入的弹性?2003-2008年的西班牙

本文估计了外生收入变化对所得税收入的影响程度。我们关注2003-2008年期间西班牙的情况，因为所得税在2007年经历了重大改革。通过分析方法和数值模拟，我们发现总所得税弹性从2003-2006年的1.4显著增加到2007-2008年的1.8左右。还考虑了结果对住房税收抵免、收入非等比变化、收入不平等变化和财政拖累的敏感性。最后，得出了一些政策含义。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Public Policy Social Sciences-Political Science and International Relations

CiteScore

0.40

自引率

0.00%

发文量

期刊介绍： The IJPP proposes and fosters discussion on public policy issues facing nation states and national and supranational organisations, including governments, and how these diverse groups approach and solve common public policy problems. The emphasis will be on governance, accountability, the creation of wealth and wellbeing, and the implications policy choices have on nation states and their citizens. This perspective acknowledges that public policy choice and execution is complex and has ramifications on the welfare of citizens; and that, despite national differences, the actions of nation states are constrained by policies determined by supranational bodies, some of which are not directly accountable to any international body.