Narrow Your Choices

Refine By Countries

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Business and Economics > Corporate Taxation

You are looking at 1 - 2 of 2 items for :

  • Type: Journal Issue x
  • Lithuania, Republic of x
Clear All Modify Search
Cover IMF Staff Country Reports
Republic of Lithuania: Selected Issues Paper
International Monetary Fund
This Selected Issues Paper quantifies the variability of tax elasticities in Lithuania using two alternative methods: rolling regressions and pooled mean group estimator. The analysis is motivated by the systematic variation of tax revenues observed over the economic cycle. Both methods confirm that tax elasticities moved with the cycle, which can be attributed to the procyclical tax compliance tendencies and structural composition effects across tax bases. The results of the study emphasize the importance of accounting for cyclical variation in tax elasticities when making short-term tax revenue projections.
Keywords:
ISCR; CR; crisis; GDP; Latvia; investment ratio; trading partner growth; revenue gap; employment participation ratio; FDI flow; Tax elasticity; Value-added tax; Personal income; Private consumption; Baltics; Eastern Europe; Asia and Pacific
Cover IMF Working Papers
Assessing the Variability of Tax Elasticities in Lithuania
Mr. Tigran Poghosyan
This paper quantifies the variability of tax elasticities in Lithuania using two alternative methods: rolling regressions and pooled mean group estimator. The analysis is motivated by the systematic variation of tax revenues observed over the economic cycle in the recent past. Both methods confirm that tax elasticities moved with the cycle, which can be attributed to the procyclical tax compliance tendencies and structural composition effects across tax bases. Comparison of VAT revenue gaps across Baltic countries during the recent recovery suggests that tax revenues rebounded fastest in Estonia, followed by Lithuania and Latvia. Overall, the results of the study emphasize the importance of accounting for cyclical variation in tax elasticities when making short-term tax revenue projections.
Keywords:
WP; VAT; tax revenue; tax elasticity; economic cycles; Lithuania; revenue gap; VAT revenue collection; VAT elasticity; VAT collection; VAT revenue growth; Value-added tax; Corporate income tax; Private consumption; Baltics