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Tax revenues continue to rise, but scope remains for increased tax mobilisation in emerging Southeast Asian economies
n 2014, the tax-to-GDP ratios of Indonesia, Malaysia, the Philippines and Singapore were below 17% of GDP compared to Japan and Korea, which both recorded tax-to-GDP ratios above 24%,according to new data released in the third edition of the OECD’s annual publication Revenue Statistics in Asian Countries. The report, which includes…
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