Artikel
Taxation and welfare: measuring the effect of Bulgaria’s 2007-08 corporate-personal income tax reforms
This paper utilizes a simple general-equilibrium model to analyse the long-run effects of Bulgaria’s 2007-08 corporate-personal income tax reforms. In particular, we consider the effect working through the firm’s capital structure, and argue that the new reforms incentivize firms to increase investment, as the new regime benefits retained earnings. The increase in capital increases output and productivity, which in turn increases consumption and welfare. On average, households are enjoying 8.65% higher consumption in the new steady-state in the benchmark scenario. As a robustness check, we allow for a variable labor supply, where the gain increases further by additional 3.9% of consumption, to produce an overall gain of 13.55%.
- Sprache
-
Englisch
- Erschienen in
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Journal: Theoretical and Practical Research in Economic Fields ; ISSN: 2068-7710 ; Year: 2019 ; Issue: forthcoming ; Craiova: ASERS
- Klassifikation
-
Wirtschaft
Business Taxes and Subsidies including sales and value-added (VAT)
Fiscal Policies and Behavior of Economic Agents: Firm
One, Two, and Multisector Growth Models
Economywide Country Studies: Europe
- Thema
-
general equilibrium
tax reform
firm's capital structure
welfare gain
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Vasilev, Aleksandar
- Ereignis
-
Veröffentlichung
- (wer)
-
ASERS
ZBW – Leibniz Information Centre for Economics
- (wo)
-
Craiova
- (wann)
-
2019
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Vasilev, Aleksandar
- ASERS
- ZBW – Leibniz Information Centre for Economics
Entstanden
- 2019
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