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Eastern Europe: Factors Underlying the Weakening Performance of Tax Revenues
Author:
Mr. Gérard Bélanger
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Series:
IMF Working Papers
Volume/Issue:
Volume 1994: Issue 104
Language:
English
Publication Date:
01 Sep 1994
DOI:
https://doi.org/10.5089/9781451947908.001
ISBN:
9781451947908
ISSN:
1018-5941
Pages:
29
Keywords:
WP; GDP ratio; taxation; GDP; net profit; tax rate; net effect; subsidy mechanism; confiscation of enterprise profits; revenue performance; GDP to revenue; tax net; inflation tax; enterprise tax liabilities; trade tax; net revenue; Social security contributions; Effective tax rate; Consumption taxes; Inflation; Central and Eastern Europe
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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The paper analyzes the decline of tax revenue/GDP ratios in transition economies of central and eastern Europe. The paper separates the effect on revenues of discretionary policy actions and finds that endogenous factors, notably the collapse of underlying profits and declining effective tax rates, were the main source of falling tax revenue/GDP ratios. Underlying factors are analyzed to provide a basis to discuss the outlook for tax revenues in coming years.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 1994: Issue 104