- Tytuł:
- Does Household Tax Burden Have an Impact on Individuals’ Savings in Banks? The Case of Ukraine
- Autorzy:
-
Sudak, Gennadiy
Yuliia, Savchenko - Powiązania:
- https://bibliotekanauki.pl/articles/1965117.pdf
- Data publikacji:
- 2021-12-28
- Wydawca:
- Uniwersytet Warszawski. Wydział Nauk Ekonomicznych
- Tematy:
-
direct taxes
indirect taxes
personal income tax
government revenue
taxable income
effective tax burden
consumption
income structure
spending structure
savings
bank deposits
Ukraine - Opis:
- This paper aims to assess the impact of the effective and nominal household tax burden on household deposits in Ukrainian banks. We used the effective tax burden, which includes personal income taxes and value-added tax (VAT) paid. We considered changes in Ukrainian tax law from 2003 to 2016, which included a change from progressive income taxation to proportional income taxation, a decrease in tax rates in 2003, and an increase in tax rates in 2014–2016. The data sample consists of publicly available data on Ukrainian households’ income, savings, and taxes paid in 1996–2019. The analysis was performed using panel regression and the difference-in-difference (DID) method. The tax burden impact on bank deposits is significant and is caused partly by the shadow economy. The results of the study are relevant for Ukraine and countries with similar economies. The methodological approaches developed in the paper can be used for similar studies in other developing countries.
- Źródło:
-
Central European Economic Journal; 2021, 8, 55; 378-389
2543-6821 - Pojawia się w:
- Central European Economic Journal
- Dostawca treści:
- Biblioteka Nauki
Artykuł