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Revenue-Maximising Elasticities of Taxable Income in Multi-Rate Income Tax Structures

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dc.contributor.author Creedy, John
dc.contributor.author Gemmell, Norman
dc.date.accessioned 2012-09-23T20:43:24Z
dc.date.accessioned 2022-07-05T02:39:15Z
dc.date.available 2012-09-23T20:43:24Z
dc.date.available 2022-07-05T02:39:15Z
dc.date.copyright 2012
dc.date.issued 2012
dc.identifier.uri https://ir.wgtn.ac.nz/handle/123456789/18713
dc.description.abstract The empirical literature on the elasticity of taxable income (ETI) sometimes questions whether estimated values are consistent with being on the revenueincreasing section of the Laffer curve, usually in the context of a single rate tax system or for top marginal rates. This paper develops conceptual expressions for this ‘Laffer-maximum’ or revenue-maximising ETI for the multi-rate income tax systems commonly used in practice. Using the New Zealand income tax system in 2010 to illustrate its properties, the paper demonstrates that a wide range of revenue-maximising ETI values can be expected across individual taxpayers, across tax brackets and in aggregate. en_NZ
dc.format pdf en_NZ
dc.language.iso en_NZ
dc.publisher Te Herenga Waka—Victoria University of Wellington en_NZ
dc.relation.ispartofseries Working Papers in Public Finance 2012 en_NZ
dc.subject Income Tax Revenue en_NZ
dc.subject Elasticity of taxable income en_NZ
dc.subject revenue elasticity en_NZ
dc.subject Laffer Curve en_NZ
dc.title Revenue-Maximising Elasticities of Taxable Income in Multi-Rate Income Tax Structures en_NZ
dc.type Text en_NZ
vuwschema.contributor.unit Victoria Business School (Faculty of Commerce) en_NZ
vuwschema.subject.anzsrcfor 140215 Public Economics - Taxation and Revenue en_NZ
vuwschema.subject.marsden 140215 Public Economics - Taxation and Revenue en_NZ
vuwschema.type.vuw Working or Occasional Paper en_NZ
vuwschema.subject.anzsrcforV2 380115 Public economics - taxation and revenue en_NZ
dc.rights.rightsholder http://www.victoria.ac.nz/sacl en_NZ

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