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 F.; Sacchi, Agnese; Zazzaro, Alberto. - In: ECONOMICS LETTERS. - ISSN 0165-1765. - STAMPA. - 124:3(2014), pp. 428-433. [10.1016/j.econlet.2014.06.027]
Property tax and fiscal discipline in OECD countries
SACCHI, AGNESE;
2014
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.| File | Dimensione | Formato | |
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