Macroeconomic Modeling of Tax Policy

Auerbach, Alan J.; Grinberg, Itai; Barthold, Thomas A.; Bull, Nicholas; Elkins, W. Gavin; Moomau, Pamela; Moore, Rachel; Page, Benjamin I.; Pecoraro, Brandon; Pomerleau, Kyle

doi:10.17310/ntj.2017.4.06

Cited by 6 publications

(5 citation statements)

References 10 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Мехон, А.Лаффер, Дж. Фрідман, В. Танзі [1][2][3][4][12][13]. В їх доробку відображено вагомість податкового регулювання для забезпечення поступального соціально-економічного розвитку на протязі останніх десятиріч.…”

Section: Conclusion Tax Regulation Is a Very Effective Lever Of Influence On The Dynamics Of Economic Development And The Social Stabilitunclassified

Tax regulation of socio-economic development

Koroviy

2020

Univ. Econ. Bull.

View full text Add to dashboard Cite

Relevance of research topic. Tax regulation is a key factor in ensuring economic development and social stability through a balance of fiscal and stimulus functions. The sources of accumulation of funds of financial resources are the taxes in various forms, which is provided by the fiscal function. The priority is represented by the formation of strategic goals of tax policy to achieve the goals of public financial management. It is necessary, under the current conditions, to improve the structure of tax revenues of the budget. Formulation of the problem. Further development of provisions for the development of a tax regulation mechanism will provide an opportunity to increase the degree of adaptability of the impact of taxation on the socio-economic environment. Important priorities in the activities of fiscal authorities are to improve the quality of the mechanism of tax administration, improving the model of the state tax risk-management. Analysis of recent research and publications. The development of the mechanism of tax regulation was considered by foreign scholars, in particular, A. J. Auerbach, R. M. Byrd, E. M. Zolt, J. Mehon, A. Laffer, J. Friedman, V. Tanzi. Their work reflects the importance of tax regulation to ensure progressive socio-economic development over the past decades. L. Lysyak, A. Mazaraki, M. Kuzhelev, A. Nikitishin, V. Makogon, L. Sidelnikova, I. Chugunov and other Ukrainian scientists have developed a concept for implementing of the tax policy in Ukraine in the context of economic system transformation. Selection of unexplored parts of the general problem. The mechanism of the tax regulation of socio-economic development needs further research. An important task of the state is to increase the effectiveness of fiscal incentives. The aim of the article is to improve the mechanism of formation and implementation of the mechanism of tax regulation of socio-economic development of the country in terms of structural changes in the financial system. Research methodology. The system approach and the method of comparative analysis, synthesis, logical approach and method of scientific abstraction are used. Techniques of statistical analysis were used in the study of the peculiarities of tax revenues and fees to the State Budget of Ukraine. Results of work. An analysis of the impact of the tax revenues on the dynamics of economic development for the period 2011-2019 was performed. The dynamics and the specific weight of the overpayment of the taxes and fees to the State Budget of Ukraine are studied. The directions of improvement of the system of tax administration are offered. Suggestions for improving the tax regulation mechanism are substantiated. Conclusions. Tax regulation is a very effective lever of influence on the dynamics of economic development and the social stability. At the center of the institutional mechanisms of its implementation is a set of redistributive relations regarding the social product. The development of the provisions for forecasting and planning of the tax policy measures in the context of globalization will provide an opportunity to increase the adaptability of the impact of tax regulation on economic development. In order to improve tax regulation in the formation of budget revenues, it is advisable to improve the quality of forecasting macroeconomic indicators of the country's development and planning of the tax revenues, and to increase the effectiveness of mechanisms for collecting and preventing the growth of tax debt. It is quite important and relevant to ensure a balanced tax policy, which should be based on a systematic approach to the interaction of the components of tax relations, taking into account the principles of fiscal sufficiency, neutrality, stability and cost-effectiveness of taxation.

show abstract

Section: Conclusion Tax Regulation Is a Very Effective Lever Of Influence On The Dynamics Of Economic Development And The Social Stabilitunclassified

Tax regulation of socio-economic development

Koroviy

2020

Univ. Econ. Bull.

View full text Add to dashboard Cite

show abstract

“…Souhrnný přehled přístupů k makroekonomickému modelování daňové politiky nabízí Auerbach et al (2017), což je práce, ze které autoři tohoto příspěvku čerpali zejména v otázce metodologie. V předloženém příspěvku je však využit dynamický stochastický model všeobecné rovnováhy (DSGE model).…”

Section: Rešerše Literaturyunclassified

Legal Uncertainty in Taxation and Its Impacts on Labour Supply in the Czech Republic

Kotlán¹,

Němec²,

Machová³

2019

Politicka ekonomie

View full text Add to dashboard Cite

Legal Uncertainty in Taxation and Its Impacts on Labour Supply in the Czech Republic This article builds on long-term research by authors in the field of tax burden and its impacts, incorporating a newly designed indicator of legal uncertainty in the tax area which is conceived on the basis of a detailed description of the legislation. This indicator, together with other important factors, is incorporated into the tax system model and its links and influence on the behaviour of economic actors are examined. The aim of the article is to evaluate the impact of legal uncertainty in taxation on the labour supply in the Czech Republic. From a methodological point of view, DSGE modelling and quarterly data for the period 2002-2016 are used. The main conclusion of the study is the confirmation of the negative impact of uncertainty on all examined taxes. At the same time, in all the cases, a shift from the official to the shadow economy occurs.

show abstract

“…Особливості реалізації податкової політики як інструменту ендогенного економічного розвитку досліджували численні зарубіжні вчені, зокрема А. Дж. Ауербах [1], Р. М. Бірд [2], Е. М. Золт [2], Дж. Мехон [3], С. Нек [4], Дж.…”

Section: Conclusion Tax Policy As a Component Of The Budget Revenueunclassified

Tax policy as a component of the budget income formation system

Koroviy

2019

Univ. Econ. Bull.

View full text Add to dashboard Cite

Relevance of research topic. Tax policy provides the largest share of revenue in the consolidated budget. In modern conditions, tax policy requires continuous improvement and adaptation to changes in the model of socio-economic development. It is necessary to develop approaches to the use of tax instruments taking into account globalization trends, structural features and the state of the domestic economy. Formulation of the problem. Despite the structural transformation of the fiscal policy in recent years, the issue of seeking a balance of interests between taxpayers and government institutions remains relevant. Harmonious coordination of relevant interests in the field of taxation will maximize the amount of tax revenues to the budget. Analysis of recent research and publications. The issue of tax policy was considered by foreign ones - A. J. Auerbach, R. M. Bird, E. M. Zolt, E. Zwick, S. Knack, J. Freedman, I. Zwick - and domestic scientists - L. Lysyak, A. Mazaraki, V. Makogon, A. Nikitishin, M. Pasichnyi, A. Sokolovska, I. Chugunov and others. Selection of unexplored parts of the general problem. Further research requires the institutional framework for the tax policy formation. An important task of the state is to increase the trust of payers in fiscal policy. The aim of the article is to develop provisions to improve the effectiveness of the tools and functionality of the tax policy of the country in the formation of the revenue of the state and local budgets in the current conditions of institutional transformation of the economy. Research methodology. A systematic and comparative analysis, a logical approach and a method of scientific abstraction are used. Results of work. The analysis of the fiscal significance of tax revenues in the formation of revenues of state and local budgets. The structure of tax revenues in the context of hierarchical levels of the budget system is investigated. The factors of influence on the dynamics of tax revenues are determined. Directions for improving tax administration are proposed. Provisions for enhancing fiscal efficiency of taxes are justified. Results of work. The results of this work can be used in the development of fiscal plans and forecasts, as well as in the educational process of the economic faculties of higher educational institutions. Conclusions. Tax policy as a component of the budget revenue generation system is influenced by economic transformations and adapts to macroeconomic conditions. Tax revenues are the financial basis for the exercise of authority by participants in the budget process and the implementation of the functions and tasks assigned to them. The level of redistribution of the GDP through the budget revenues depends on the volume and priority of the tasks and functions of public institutions, the development model and social policy. Approaches to the formation of budget revenues through tax revenues should provide opportunities for improving the tax administration, the development of the state and territorial community, strengthening financial stability and creating favorable conditions for sustainable growth.

show abstract

Macroeconomic Modeling of Tax Policy

Abstract: The macroeconomic effects of tax reform are a subject of significant discussion and controversy.

Cited by 6 publications

References 10 publications

Tax regulation of socio-economic development

Tax regulation of socio-economic development

Legal Uncertainty in Taxation and Its Impacts on Labour Supply in the Czech Republic

Tax policy as a component of the budget income formation system

Contact Info

Product

Resources

About