Annual Weather Averages Near Istanbul. Averages are for Istanbul Ataturk Airport, which is 9 miles from Istanbul.
New tax year: changes coming into effect in 2016. New tax changes come into effect at the start of each financial year. Hereâs a list of things coming into effect in April 2016. 1. The personal allowance will increase to Â£11,000 and the higher rate threshold will increase to Â£43,000.
Thus, examining the behavior of output following these relatively exogenous tax changes is likely to provide more reliable estimates of the output effects of tax changes. The results of this more reliable test indicate that tax changes have very large effects: an exogenous tax increase of 1 percent of GDP lowers real GDP by roughly 2 to 3 percent. These output effects are highly persistent.