The ratio of taxes levied to gross domestic product. In Germany, this ratio was just under 24 percent in 2009. – Above a certain level of tax burden, this causes skilled workers and companies to relocate abroad. It also increases the proportion of undeclared work (black labor) in almost all markets in the highly taxed economy. – According to calculations, a one percent increase in the sales tax would result in additional tax revenue of EUR 8.5 billion in Germany in 2010, which is slightly more than 0.3 percent of GDP. – See Tax Ratio, Third-Gate Money, Welfare State Trap, Constitutional Article One, Wagner’s Law, Second-Gate Money. – Cf. Monthly Report of the Deutsche Bundesbank of April 2008, pp. 31 et seq. (Price effects of the VAT increase in Germany at the beginning of 2007; overviews); Monthly Report of the Deutsche Bundesbank of October 2008, pp. 35 et seq. (tax ratios in comparison; overviews); ECB Monthly Report of November 2009, pp. 50 et seq. (taxes and inflation); ECB Monthly Report of March 2012, pp. 70 et seq. (change in indirect taxes on consumer prices; overviews).
Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/