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The ratio of total fiscal revenue to G.D.P. reached 22.6 percent in 2012 on the back of new taxes, higher tax rates and better collection methods.
Unlike past studies, which have focused on the equalization effects of total fiscal transfers from the center, this paper includes an examination of the equalization effects of different types of transfers because some transfers, which are inherently anti-equalizing, may mask the equalization effects of other types of transfers when they are lumped together to find the "average" effect.
However, a longer-term fiscal concern is the rising production costs of Codelco, which pays all its profits to the government and, in 2007, accounted for almost 18% of total fiscal revenue.
Moreover, government revenue from copper--in the form of the profits of state copper company Codelco and taxes paid by private mining companies--accounted for almost a third of total fiscal income.
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Over 50% of the total fiscal effort relies on tax-rate hikes.
forecast for 2018 — to 70 percent of G.D.P. from 20 percent — is the likely total fiscal impact of the 2008 crisis and deep recession.
Adding the new measures to the previous government's plans points to a total fiscal tightening of over 6% of GDP over the next five years, the bulk of which (77%) will come from real spending cuts.
With total fiscal 2017 sales of nearly $25 billion, it has about 690 department stores under its namesake and upscale Bloomingdale's brands.
Total fiscal subsidies for home-ownership equal around 1% of GDP, according to the OECD.
That is a good simulation of what "defaulting on your sovereign credit" looks like, actually -- total fiscal calamity forever.
Estimates of Total Income Tax Expenditures for Fiscal Years 2015 2025 in Analytical Perspectives, Budget of the United States Government, Fiscal Year 2017.
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