The High Cost of Raising Provincial Tax Revenues Has Gotten Even Higher
Households and firms’ responses to higher tax rates alter the volume and the allocation of land, labour and capital in the economy, reducing our income and consumption opportunities. These economic losses from raising tax revenues have increased for provincial governments across Canada in the last d...
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| Format: | Article |
| Language: | English |
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University of Calgary
2024-08-01
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| Series: | The School of Public Policy Publications |
| Online Access: | https://www.policyschool.ca/wp-content/uploads/2024/08/TEG91-HighCostProvTax-Final.pdf |
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| _version_ | 1849774267127824384 |
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| author | Bev Dahlby |
| author_facet | Bev Dahlby |
| author_sort | Bev Dahlby |
| collection | DOAJ |
| description | Households and firms’ responses to higher tax rates alter the volume and the allocation of land, labour and capital in the economy, reducing our income and consumption opportunities. These economic losses from raising tax revenues have increased for provincial governments across Canada in the last decade with the problem being especially acute in Newfoundland and Labrador, Ontario and British Columbia. However, by lowering personal and corporate income tax rates and shifting more of the tax burden to a sales tax harmonized with the federal GST, the provinces could lower the economic cost of raising tax revenues. |
| format | Article |
| id | doaj-art-bfc7c5cdb4e54e74a6cf8296096fe222 |
| institution | DOAJ |
| issn | 2560-8312 2560-8320 |
| language | English |
| publishDate | 2024-08-01 |
| publisher | University of Calgary |
| record_format | Article |
| series | The School of Public Policy Publications |
| spelling | doaj-art-bfc7c5cdb4e54e74a6cf8296096fe2222025-08-20T03:01:46ZengUniversity of CalgaryThe School of Public Policy Publications2560-83122560-83202024-08-011713111https://doi.org/10.55016/ojs/sppp.v17i1.79347The High Cost of Raising Provincial Tax Revenues Has Gotten Even HigherBev Dahlby 0School of Public Policy, University of CalgaryHouseholds and firms’ responses to higher tax rates alter the volume and the allocation of land, labour and capital in the economy, reducing our income and consumption opportunities. These economic losses from raising tax revenues have increased for provincial governments across Canada in the last decade with the problem being especially acute in Newfoundland and Labrador, Ontario and British Columbia. However, by lowering personal and corporate income tax rates and shifting more of the tax burden to a sales tax harmonized with the federal GST, the provinces could lower the economic cost of raising tax revenues.https://www.policyschool.ca/wp-content/uploads/2024/08/TEG91-HighCostProvTax-Final.pdf |
| spellingShingle | Bev Dahlby The High Cost of Raising Provincial Tax Revenues Has Gotten Even Higher The School of Public Policy Publications |
| title | The High Cost of Raising Provincial Tax Revenues Has Gotten Even Higher |
| title_full | The High Cost of Raising Provincial Tax Revenues Has Gotten Even Higher |
| title_fullStr | The High Cost of Raising Provincial Tax Revenues Has Gotten Even Higher |
| title_full_unstemmed | The High Cost of Raising Provincial Tax Revenues Has Gotten Even Higher |
| title_short | The High Cost of Raising Provincial Tax Revenues Has Gotten Even Higher |
| title_sort | high cost of raising provincial tax revenues has gotten even higher |
| url | https://www.policyschool.ca/wp-content/uploads/2024/08/TEG91-HighCostProvTax-Final.pdf |
| work_keys_str_mv | AT bevdahlby thehighcostofraisingprovincialtaxrevenueshasgottenevenhigher AT bevdahlby highcostofraisingprovincialtaxrevenueshasgottenevenhigher |