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Author/Editor:
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Nashashibi, Karim A.
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Publication Date:
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April 01, 2002
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Electronic Access:
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Free Full text
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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Summary:
This paper reviews the fiscal revenue performance of Southern Mediterranean Arab countries (SMCs) over the last decade and compares this performance with selected middle income and Organization for Economic Cooperation and Development (OECD) countries. These revenues have been declining over the past few years, and this trend is expected to continue because of a fall in mineral receipts and trade liberalization. Individual income tax yields are substantially lower than in other regions but the introduction of the value-added tax has proven to be highly successful. Higher trade protection than in other regions must be reduced, if SMCs are to be integrated into the global economy. Loss of nontax and customs revenues can be offset by reforms in income tax systems, petroleum product pricing, and by ensuring, through flexible exchange rate policies, that competitiveness is maintained
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Series:
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Working Paper No. 02/67
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Subject(s):
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Tax revenues | Algeria | Egypt | Jordan | Lebanon | Morocco | Syrian Arab Republic | Tunisia | West Bank and Gaza Strip | Exchange rates | Oil pricing policy | Value added tax
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Author's Keyword(s):
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Southern Mediterranean Arab countries | tax revenue | VAT petroleum pricing | exchange rate |
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English
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Publication Date:
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April 01, 2002
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ISBN/ISSN:
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1934-7073
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Format:
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Paper
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Stock No:
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WPIEA0672002
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Pages:
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17
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Price:
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US$15.00 )
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Price Delivery Note:
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Prepayment required for individual copies. An annual subscription is $375.00 a year. It includes 12 monthly shipments and priority mail delivery. The Stock No. for the subscription is WPEA.
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