Question 5.16
Please calculate the following to the nearest integer.
Forecast revenues on income, profits, and capital gains using ETR:
1131
Forecast revenues on Goods and services using ETR:
775
Forecast revenues on international taxes using ETR:
1107
Forecast other taxes using ETR (use Nominal GDP as a proxy for the tax base):
824
what is total tax revenues in 2014 by ETR (sum up the single components):
3837
To calculate the total tax revenues in 2014 by ETR (Effective Tax Rate), you need to sum up the individual components given in the question.
Step 1: Add up the forecast revenues on income, profits, and capital gains using ETR:
1131
Step 2: Add up the forecast revenues on Goods and services using ETR:
775
Step 3: Add up the forecast revenues on international taxes using ETR:
1107
Step 4: Add up the forecast other taxes using ETR:
824
Step 5: Calculate the total tax revenues by summing up the individual components:
1131 + 775 + 1107 + 824 = 3837
Therefore, the total tax revenues in 2014 by ETR is 3837.