Remove taxes to boost growth

first_img KCS-content Cuts in income taxes for low earners can help an economy escape recession, according to new research published today. Long term growth can be encouraged by switching the tax burden from income taxes towards housing and consumption taxes, said professor Christopher Heady and a team of OECD researchers. A shift of one per cent of tax revenues in this direction could increase an economy’s long-run output by between 0.25 per cent and one per cent. And during recovery, the best taxes to increase are taxes on consumption and ownership or occupation of houses, they argue in February’s issue of the Economic Journal. whatsapp Show Comments ▼ whatsapp Share Remove taxes to boost growth Wednesday 9 February 2011 7:33 pm More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes Tags: NULLlast_img