Interesting IMF Blog
https://www.imf.org/en/Blogs/Articles/2024/11/11/how-property-taxes-can-help-low-income-countries-to-develop?utm_medium=email&utm_source=govdeliveryHow Property Taxes Can Help Low-Income Countries to Develop
Satellites, drones, and the right policies can help countries increase revenue by up to 10 times at the local level
Martin Grote, Mario Mansour,Jean-François Wen
November 11, 2024
The world’s governments must raise an additional $3 trillion to achieve sustainable and inclusive economic growth goals this decade. The cost in emerging markets equals 4 percent of gross domestic product—and 16 percent for low-income countries.
How can countries finance such staggering price tags? Large cities such as Delhi and Lagos show a way forward: Taxing property more efficiently can play a meaningful role in raising revenue at the local level, allowing countries to invest more in their people, new IMF analysis shows. Previous IMF research has shown that countries have ample potential to raise more domestic tax revenue if they need it—up to 5 percentage points of GDP over two decade
