This paper investigates the effects of property taxation on fiscal discipline for a sample of OECD countries over the period 1973–2011. We find that aggregate property taxation in total tax revenues is not statistically correlated with the primary surplus-to-GDP ratio. In contrast, a greater reliance on property taxes pertaining to sub-national governments contributes to fiscal discipline, suggesting that fiscal decentralization should favor responsive tax base instruments.
Property tax and fiscal discipline in OECD countries / Presbitero, Andrea Filippo; Sacchi, Agnese; Zazzaro, Alberto. - In: ECONOMICS LETTERS. - ISSN 0165-1765. - STAMPA. - 124:(2014), pp. 428-433. [10.1016/j.econlet.2014.06.027]
Property tax and fiscal discipline in OECD countries
PRESBITERO, Andrea Filippo;SACCHI, AGNESE;ZAZZARO, Alberto
2014-01-01
Abstract
This paper investigates the effects of property taxation on fiscal discipline for a sample of OECD countries over the period 1973–2011. We find that aggregate property taxation in total tax revenues is not statistically correlated with the primary surplus-to-GDP ratio. In contrast, a greater reliance on property taxes pertaining to sub-national governments contributes to fiscal discipline, suggesting that fiscal decentralization should favor responsive tax base instruments.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
