Series: IMF Policy Discussion Papers
Author(s): Parthasarathi Shome
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 1993
Keywords: tax rates, personal income tax, income tax, taxes, taxpayers
The 1980s trends were to lower marginal personal income tax rates, scale down rate structures, and apply the highest rate at lower levels of per capita GDP. In the 1990s, driven by fiscal deficits and unemployment,...