Finance:Tax buoyancy
From HandWiki
Tax buoyancy is an indicator to measure efficiency and responsiveness of revenue mobilization in response to growth in the Gross domestic product or National income.[1]
A tax is said to be buoyant if the tax revenues increase more than proportionately in response to a rise in national income or output.
Usually, tax elasticity is considered a better indicator to measure tax responsiveness.[2]
See also
References
- ↑ "Growth of Income Tax Revenue in India". http://shodhganga.inflibnet.ac.in/bitstream/10603/2876/12/12_chapter%205.pdf. Retrieved 19 November 2012.
- ↑ Jane H. Leuthold and Tchetche N'Guessan. "Tax buoyancy". Tax buoyancy vs. elasticity in a developing economy. University of Illinois at Urbana-champaign. https://www.ideals.illinois.edu/bitstream/handle/2142/27272/taxbuoyancyvsela1272leut.pdf?sequence=1. Retrieved 19 November 2012.
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