Student Worksheet

Country X's tax-to-GDP ratio had stalled near 15 percent when its 2017 reform added a 45 percent top bracket on incomes above 100,000 units while cutting rates for low and middle earners by two points. A patchwork of sales levies became one 10 percent value-added tax, with rebates for staple foods, and excise taxes on tobacco and sugary drinks followed. Within eighteen months, VAT compliance rose 5 percent and cigarette use fell 7 percent.

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