Determinants of property tax revenue : lessons from empirical analysis / Rajul Awasthi, Tuan Minh Le, Chenli You

By: Contributor(s): Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: World Bank E-Library Archive | Policy research working paper ; 9399Publisher: [Washington, DC, USA] : World Bank Group, Governance Global Practice & Macroeconomics, Trade and Investment Global Practice, September 2020Description: 1 Online-Ressource (circa 23 Seiten) : IllustrationenSubject(s): Genre/Form: Additional physical formats: Erscheint auch als: Determinants of Property Tax Revenue: Lessons from Empirical Analysis. Druck-Ausgabe Washington, D.C : The World Bank, 2020DOI: DOI: 10.1596/1813-9450-9399Online resources: Summary: Many developing countries have struggled with realizing sufficient revenues from property tax. However, as developing countries experience economic growth, they are also seeing property values rising, providing a bigger tax base from which to realize revenues. Technology has made tax administration easier and more effective and developing country governments have been improving their quality of governance and considering introducing or enhancing property tax revenue collection to diversify their tax and fiscal revenues. This paper explores the determinants of property tax revenue using data from the United States, Canada, Australia, Chile, and the Organisation for Economic Co-operation and Development for 2006 to 2016, using a fixed effects model. The results show that increases in gross domestic product and population lead to increases in property tax revenue and an increase in federal transfers decreases it. The outcomes of the empirical analysis highlight the statistically significant impacts on property tax collection of a country's state of development and its demographic, fiscal, and property tax-specific characteristics. A critical question for further research is whether and how the empirical methodologies and specifications as applied to the set of developed economies would be replicated in the context of developing countriesPPN: PPN: 1735739391Package identifier: Produktsigel: ZDB-110-WBL | ZDB-1-WBA | ZDB-110-WBO
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