Abbreviations and acronyms
AETR
Average effective tax rate
ARCR
Average returns to costs ratio
AW
Average wage
BEI
Breakeven earnings increment
CTPA
Centre for Tax Policy and Administration
DC
Direct education costs
GDP
Gross domestic product
IMF
International Monetary Fund
METR
Average effective tax rate
MRCR
Marginal returns to costs ratio
OECD
Organisation for Economic Co-operation and Development
PIT
Personal income tax
SG
Scholarships and grants
SME
Small and medium enterprise
SSC
Social security contribution
TFE
Tax rate of foregone earnings
TEI
Tax rate on earnings increment
VAT
Value added tax