Series: IMF Working Papers
Author(s): Cemile Sancak , Jing Xing , and Ricardo Velloso
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2010
Keywords: tax revenue forecasting, business cycle, tax revenue efficiency, C-efficiency, VAT elasticity, vat, tax revenue, tax evasion, tax base, tax burden,
This paper examines tax revenue during the business cycle by estimating the relationship between tax revenue efficiency and the output gap. We find a positive and significant relationship between these variables; r...