The Tax Reform 2004-05 – Measures and Macroeconomic Effects
Fritz Breuss (),
Serguei Kaniovski () and
Margit Schratzenstaller ()
Austrian Economic Quarterly, 2004, vol. 9, issue 3, 127-142
The tax reform 2004-05 includes tax cuts within income taxation (€ –2.2 billion) and corporate taxation (€ –1.1 billion) as well as increases of several excise taxes (€ +232 million). The changes in the income tax rate scale taking effect in 2005 will increase tax progression and revenue elasticity vis-à-vis 2003; "cold" progression will be compensated only partially. Simulations done with the WIFO macromodel show a positive effect of the tax reform on GDP and employment. The degree of self-financing through growth-induced additional tax revenues is limited.
Keywords: Tax policy; tax reform; corporate taxation; income taxation; Austria (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:wfo:wquart:y:2004:i:3:p:127-142
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