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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessTax Bill Seeks To Raise Average 2.2% Of GDP Through 2031
According to a Finance Ministry presentation seen by Bloomberg and confirmed by the government:
- Bill seeks to raise an average of 0.9% of GDP from VAT, 1.4% from income tax on individuals and 0.3% from companies between 2022 and 2031, while transfers to regions will imply 0.4% in negative revenue
- Govt seeks to guarantee a minimum income to the poorest households
- Fiscal rule would include debt-to-GDP targets
- Extends carbon tax for other sources including coal, as well as other green taxes including on single-use plastics
- Tax on dividends for individuals to be increased to 15% from 10% (Bloomberg)
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.