Hostname: page-component-78c5997874-mlc7c Total loading time: 0 Render date: 2024-11-15T08:22:31.038Z Has data issue: false hasContentIssue false
  • English
  • Français

A New Approach to Modelling Corporation Tax

Published online by Cambridge University Press:  26 March 2020

Garry Young
Get access Rights & Permissions [Opens in a new window]

Extract

It is likely that in the next few years a substantial amount of attention and comment will be devoted to the state of the public finances. In his budget, the Chancellor of the Exchequer, Mr. Norman Lamont, forecast that the Public Sector Borrowing Requirement (PSBR) for 1992–3 would be £28 billion or 4 1/2 per cent of GDP. This figure should be contrasted with the government's own policy of balancing the budget over the medium term and the objective set out in the Maastricht Treaty on European Union of avoiding ‘excessive budget deficits’. In this context, a topic of some interest is the likely pace and scale of any improvement in corporation tax receipts as the economy recovers from recession.

Type
Articles
Information
National Institute Economic Review , Volume 140 , May 1992 , pp. 98 - 115
Copyright
Copyright © 1992 National Institute of Economic and Social Research

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

CBI (1992), Economic Priorities for 1992, London, Confederation of British Industry.Google Scholar
Devereux, M. (1987), ‘Taxation and the cost of capital: the UK experience’, Oxford Review of Economic Policy, Volume 3 No. 4.CrossRefGoogle Scholar