Eastern Europe: Factors Underlying the Weakening Performance of Tax Revenues
Summary:
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.
Series:
Working Paper No. 1994/104
Subject:
Consumption taxes Effective tax rate Inflation Prices Revenue administration Social security contributions Tax policy Taxes
Notes:
Discusses Albania, Bulgaria, Czech Republic, Hungary, Poland, Romania, Slovak Republic, and the former Czechoslovakia.
English
Publication Date:
September 1, 1994
ISBN/ISSN:
9781451947908/1018-5941
Stock No:
WPIEA1041994
Pages:
29
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