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The Effect on Revenues: How do Capital Gains Tax Rises Causes Them

Author

Listed:
  • Kaviyarasu Elangkovan

    (Universiti Putra Malaysia)

  • Yuvarani Thorisingam

    (Universiti Putra Malaysia)

  • Balakrishnan Parasuraman

    (Universiti Malaysia Sabah)

Abstract

When capital gains tax rises are being proposed in the UK as a short-term measure to increase revenues, it is important for policymakers to have a full understanding of the likely effect of such rises on Government revenues. Capital gains tax rates in the USA have changed considerably up and down in recent years and decades and provide a rich seam of data with which one can come to solid conclusions on the revenue effects of such changes. This policy briefing summarizes those revenue effects, considering evidence from other countries too, and draws conclusions for UK policymakers. The current policy debate in the UK is being conducted amidst a remarkable absence of facts. Policymakers need to proceed carefully and ensure they take an evidence-based approach in order to avoid unforeseen negative consequences of rushed, ill-informed decision-making.

Suggested Citation

  • Kaviyarasu Elangkovan & Yuvarani Thorisingam & Balakrishnan Parasuraman, 2012. "The Effect on Revenues: How do Capital Gains Tax Rises Causes Them," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 2(4), pages 330-338, October.
  • Handle: RePEc:hur:ijaraf:v:2:y:2012:i:4:p:330-338
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    More about this item

    Keywords

    Capital; revenue; forecast; policy; government;
    All these keywords.

    JEL classification:

    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance

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