Fiscal Effort
The amount of revenue collected by a government, often shown as a percent of the fiscal capacity. This value creates an estimate of the total amount the government could collect in revenue. Investopedia Says:
The amount that a government collects in revenue, mainly taxes, is dependent on several factors. This includes the tax rates for individuals and businesses, and the tax breaks and exemptions offered to the population. The fiscal effort is also determined by the government's ability to enforce tax laws and collect the taxes. Related Terms:
Corporate Tax
Fiscal Capacity
Fiscal Deficit
Income Tax
Internal Revenue Service - IRS
Revenue Agent
Taxes |