Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/210810
Authors: 
Grech, Aaron G.
Year of Publication: 
2015
Series/Report no.: 
CBM Working Papers No. WP/02/2015
Publisher: 
Central Bank of Malta, Valletta
Abstract: 
This paper presents estimates of the possible macroeconomic impact of the reductions in income tax introduced in the Budgets for 2013 and 2014. The simulations are based on the structural macro-econometric model described in Grech and Micallef (2014). The impact of the reductions on Government revenue, estimated at 0.7% of GDP, is computed using data on chargeable income under the different tax bands from the Inland Revenue Department as at 2013, with future income projected using Central Bank forecasts.
JEL: 
E62
H20
C5
Document Type: 
Working Paper

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