It is important for the design of tax policy to be able to measure reliably the income elasticity of tax revenue. This … produce labour supply responses which considerably alter tax revenue elasticity calculations. It is shown that , even with …

elasticity, of around 0.9, is obtained for 2001 income levels. However, non-equiproportional income changes are more realistic …. Allowing for regression towards the geometric mean income reduces these elasticities, giving an elasticity for income and … of various excises has an important effect on the overall consumption tax revenue elasticity, especially for individuals …

It is important for the design of tax policy to be able to measure reliably the income elasticity of tax revenue. This … produce labour supply responses which considerably alter tax revenue elasticity calculations. It is shown that , even with …

elasticity, of around 0.9, is obtained for 2001 income levels. However, non-equiproportional income changes are more realistic …. Allowing for regression towards the geometric mean income reduces these elasticities, giving an elasticity for income and … of various excises has an important effect on the overall consumption tax revenue elasticity, especially for individuals …