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Wage developments are driving tax revenues: results of the tax revenue forecast of November 2011

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  • Christian Breuer

Abstract

The working group for tax revenue forecasts has revised its prognosis for tax revenues upwards for the third consecutive time. Above all, revenue from the wage tax is developing significantly more dynamically than was expected, due to strong wage growth. For 2012, however, a weaker growth of revenue is now anticipated. Fiscal-policy leeway thus remains low overall.

Suggested Citation

  • Christian Breuer, 2011. "Wage developments are driving tax revenues: results of the tax revenue forecast of November 2011," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 64(21), pages 32-36, November.
    • Handle: RePEc:ces:ifosdt:v:64:y:2011:i:21:p:32-36
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    File URL: https://www.ifo.de/DocDL/ifosd_2011_21_5.pdf
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    References listed on IDEAS

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    1. Projektgruppe Gemeinschaftsdiagnose, 2011. "Joint Economic Forecast – Autumn 2011: Economic Upswing in Germany – Adverse Effects on the German Economy from the European Debt Crisis," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 64(20), pages 03-71, October.
    2. Christian Breuer, 2011. "What effect will the additional tax revenue have on the government's debt-reduction obligation?On the results of the tax revenue forecast of May 2011," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 64(10), pages 22-27, May.
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    Cited by:

    1. Christian Breuer, 2014. "Tax Revenue, Minimum Wage and the "Bracket Creep" in the Income-tax Structure," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 67(11), pages 38-42, June.
    2. Christian Breuer, 2012. "Structural consolidation without fiscal policy – the results of the tax revenue estimate of May 2012," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65(10), pages 38-43, May.

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    More about this item

    JEL classification:

    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General

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