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The international importance of low tax rates 1
Author(s) -
Reynolds Alan
Publication year - 1999
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/1468-0270.00142
Subject(s) - falling (accident) , economics , developing country , tax rate , international economics , development economics , demographic economics , monetary economics , economic growth , medicine , environmental health
G‐7 economies raised tax rates in the 1990s, unlike the 1980s. Yet many developing nations continued to bring their highest tax rates down. Economic growth among 19 countries with low or falling tax rates averaged 5.8% a year from 1990 to 1996, up from 4.5% in the preceding decade. At the same time, annual GDP growth among G‐7 countries slowed to 1.7%, down from 2.9%.