Series: IMF Working Papers
Author(s): Kun Li , and Pablo Lopez Murphy
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2010
Keywords: downturns, tax revenues, fiscal policy, tax policy, tax bases, Structure, Scope, and Performance of Government, Taxation, Subsidies
We study historical tax revenue downturn episodes-where tax revenue-to-GDP ratios decline sharply-and explore the link between tax revenues and imports. We document that downturn episodes of at least 1 percentage p...