Tuesday, June 09, 2009

Direct and indirect taxes

BookValue
Macroeconomic Management and Government Finances
Asian Development Bank
( http://www.oup.com/ )

Impact of direct taxes

While both direct and indirect tax revenues, measured as ratios to GDP, have significant positive effects on investment and significant negative effects on consumption, the response of investment and consumption to direct taxes is greater than the response to indirect taxes, observe Shashanka Bhide and Kanhaiya Singh in one of the essays included in Macroeconomic Management and Government Finances from Asian Development Bank.

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