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hyron · 2024年01月23日

high dependence on sales tax 为啥是negative

NO.PZ2023052301000062

问题如下:

Match the indicators below to the impact (positive or negative) on the creditworthiness of a general obligation bond issued by a state government:


解释:


A. Positive, as low unemployment indicates a more productive and income-generating population with potential for higher tax revenue.

B. Negative, as low per capita income reduces the potential for tax collection and any potential tax raise.

C. Positive, as low per capita debt suggests a higher debt service ratio and greater capacity for additional debt, if required.

D. Negative, a low tax base limits the potential for tax collection and significantly weakens the potential for state revenue to meet expenses and service its debt.

E. Negative, as the more diversified the state’s revenue stream, the higher its credit quality. Overreliance on a single revenue stream creates the potential for volatility in case of any economic disruption.

F. Negative, as high post-retirement obligations indicate further state indebtedness, reducing its ability to service its debt.

主权债券高度依赖消费税不是说明现金流很稳定吗,应该是positive才对吧?

1 个答案

pzqa015 · 2024年01月23日

嗨,努力学习的PZer你好:


税收种类越分散则越好,高度依赖某个税种,容易受一些负面事件影响。

这就好比一个人的收入来源越分散越好,如果收入高度依赖于单一来源,比如工资收入,那么一旦就业环境不好,收入下降,影响就很大。

所以,只要见到收入high dependence,不管是什么,都是negative的。

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