Purpose: The purpose of this paper is to find out the factors contributing to major shifts in the growth of tax revenue through the estimation of structural breaks and analysis of major tax regimes. Recent contributions to optimal tax theory and empirical literature on the Laffer curve effect,...

"During the course of my earlier research on property tax in Greater Mumbai it has been explicit that builders and construction industry quite often lobby with the municipal authorities to reduce the property tax rates for their jurisdiction. It is an intriguing question as to how precisely are...