We take stock of and compare tax revenue trends in Asia and Latin America. The tax revenues to GDP ratios increased …

We take stock of and compare tax revenue trends in Asia and Latin America. The tax revenues to GDP ratios increased …

sources. ｏCompared to Japan, Korea has seen, so far, a lower decline in its nominal GDP growth rate (real GDP growth plus … structural deterioration.In this regard, in order for Korea to prevent a rapid drop in the tax revenue growth like Japan, it is …, eventually following in the footsteps of Japan.It is also necessary to preclude the possibility of a structural weakening of the …