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|a Benedek, Dora.
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|a Progress of the Personal Income Tax in Emerging and Developing Countries /
|c Dora Benedek, Juan Carlos Benitez, Charles Vellutini.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2022.
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|a 1 online resource (36 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a Personal Income Tax (PIT) is one of the key sources of revenues in Advanced Economies (AEs) but plays a much more limited role in Low-Income Developing Countries (LIDCs) and Emerging Market Economies (EMEs), both in terms of revenue and redistributive impact. Notwithstanding, this paper shows that LIDCs and EMEs increased their PIT-to-GDP revenue by 110 and 48 percent, respectively, during the 1990-2019 period, a marked improvement in the PIT revenue performance. We find that this rise was driven primarily by economic developments and to a lesser extent by changes in the design of PIT systems. We also find that LIDCs that improved their tax-to-GDP ratios relied on a broader set of tax instruments and not exclusively on the PIT, suggesting that a successful revenue mobilization strategy of developing countries requires a comprehensive approach covering a wider range of taxes. Finally, using a newly assembled dataset of PIT characteristics of 157 countries over the 2006-2018 period, we estimate a novel redistribution index of the PIT in LIDCs. We show that the contribution of the PIT to inequality reductions has been significant.
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|a Mode of access: Internet
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|a Equity, Justice, Inequality, and Other Normative Criteria
|2 imf
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|a Liability Threshold
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|a Personal Income and Other Nonbusiness Taxes
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|a Personal Income Tax and Progressivity
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|a PIT Revenue Performance
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|a PIT System
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|a Redistribution and Low-Income Countries
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|a Benitez, Juan Carlos.
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|a Vellutini, Charles.
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|a IMF Working Papers; Working Paper ;
|v No. 2022/020
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2022/020/001.2022.issue-020-en.xml
|z IMF e-Library
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