An inverse-U-shaped curve representing tax revenue as a function of the tax rate, attributed to Arthur Laffer. Although the idea that a rise in tax rate can reduce tax revenue is mostly based on induced reduction of work effort, for some types of taxes -- especially corporate -- movement of activity to another tax jurisdiction or country can have the same effect.
Browse by Subjects
current cost accounting
payroll giving scheme
Individual Retirement Account
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):