IDEAS home Printed from https://ideas.repec.org/a/ces/ifosdt/v61y2008i22p14-17.html
   My bibliography  Save this article

Tax revenue estimates: Additional receipts despite the recession?Local business taxes for 2008 corrected upwards by €6 billion

Author

Listed:
  • Christian Breuer

Abstract

The Working Party on Tax Revenue Forecasting for the German Ministry of Finance forecasted increased revenue for 2008 and 2009 at its 132nd meeting. A decline in government revenue as a result of the crisis is presently not foreseen. Although the forecast for economic growth has been reduced, a higher amount of tax revenue is expected than was forecast in May. The receipts from the local business tax in 2008, for example, will be around €6 billion higher than forecast in the preceding estimate. However, profits taxes are anything but crisis-proof. A large portion of the additional receipts is due to declaration and payment delays from previous years. The financial and economic crisis will also affect government revenue after a certain delay.

Suggested Citation

  • Christian Breuer, 2008. "Tax revenue estimates: Additional receipts despite the recession?Local business taxes for 2008 corrected upwards by €6 billion," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 61(22), pages 14-17, November.
    • Handle: RePEc:ces:ifosdt:v:61:y:2008:i:22:p:14-17
    as

    Download full text from publisher

    File URL: https://www.ifo.de/DocDL/ifosd_2008_22_3.pdf
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ces:ifosdt:v:61:y:2008:i:22:p:14-17. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klaus Wohlrabe (email available below). General contact details of provider: https://edirc.repec.org/data/ifooode.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.