Personal Income Tax Reform and Tax Revenue Potential in Transitional Economies: Bulgaria
International Bulletin Review, Vol. 1, No. 1, pp. 23-36, 1993
13 Pages Posted: 19 Apr 2011
Date Written: February 1, 1993
This paper utilizes the 1992 household budget survey of Bulgaria to show the poor revenue effects of the income tax structure prevailing in 1992 which did not take into account the underlying distribution of income. We also show that Bulgaria can benefit from a much simpler and lower income tax structure than the one which prevailed in 1992, providing counterfactual calculations of potential revenues of alterative tax structures.
Keywords: persinal income tax, tax reform, tax revenue, transition, Bulgaria
JEL Classification: H2, E6, H24, P2
Suggested Citation: Suggested Citation