The experiences of this diverse set of countries-Cambodia, Georgia, Guyana, Liberia, and Ukraine-show that, regardless of the constraints they face, countries can strengthen their capacity to collect tax revenue by pursuing reform strategies with certain distinct features. How can policymakers tackle this challenge? A look at successful reforms between 20 in five low-income and emerging market economies-which achieved some of the largest revenue gains after tax reform-offers some answers. Considering the vast needs of poor countries, this low level of tax collection is putting economic development at risk. The ability to collect taxes is central to a country’s capacity to finance social services such as health and education, critical infrastructure such as electricity and roads, and other public goods. Five country cases illustrate how best to improve tax collection.Ī typical developing economy collects just 15 percent of GDP in taxes, compared with the 40 percent collected by a typical advanced economy.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |