Abstract
With a view to know whether the Indian Economy is on the downward-sloping portion of the Laffer Curve an attempt has been made in the present exercise by a simple methodology. The estimates of elasticities of income tax revenue with respect to peak marginal rate of income tax are persistently negative and drastically declined on account of reduction in peak marginal rate of personal income tax from 50 per cent in 1991-92 to 40 per cent in 1992-93 confirming the validity of the thesis of the negatively slopped region of the Laffer Curve in India.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
