Financing Sustainable Recovery from the Pandemic—lessons

And in Mexico, understandable given the need for liabilities to the piggy-back on the personal income be linked to the standardized recording of tax would permit the removal of the 4 See Ahmad, Niu, Wang and Wang, 2020, for China; 3 see Ahmad and Stern, 2011 and Ahmad and Viscarra, 2020c for Mexico. [...] were designed to attract (largely US) investment in the maquiladora zone to take In China, Deng Xiao Ping’s liberalization of the advantage of cheaper labour in Mexico and early 1980s and the introduction of the reduce migration of Mexican workers to the US. [...] The shift to the responsibility MARKET-BASED POLICY TRANSPLANTS system in the early 1980s to unleash private incentives and growth, caused the general Transplanting advanced country policies (often government tax/GDP ratio to drop to 10% by from the US) into emerging market countries the early 1990s, or lower than that of Pakistan without regard to the context, institutions, and at the time. [...] The inequality with a poll tax in the UK, a much simpler model reduction effect is magnified as the benefit of recurrent property taxation27 based on linkages are introduced, and as the weight on “bands” based on size of property and location the poor in assessing inequality increases and linked to the principal expenditures of the (higher inequality-aversion parameter). [...] However, the tax potential in CDMX is almost The revenues from the beneficial property tax ten times the revenues that could accrue to potentially are significantly greater than the Chiapas (Table 4) and twice the revenue nómina and the current predial (property tax) potential of the measure in the State of Mexico combined.