Cryptocurrency Q&A
What is the largest contributor to government revenue?
What is the largest contributor to government revenue?
Maria
Tue Jan 21 2025
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7
answers
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I am curious about the main source of income for the government. I want to know which factor contributes the most to government revenue.
7 answers
CryptoPioneer
Wed Jan 22 2025
Personal Income Tax (PIT) holds a prominent position as the largest contributor to tax revenue.
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Eleonora
Wed Jan 22 2025
By 2021/22, this ratio had increased to 24.9%, indicating a growth in tax revenue relative to the GDP.
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ZenMind
Wed Jan 22 2025
Efficiency in revenue collection is also evident from the decreasing cost ratio.
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EchoChaser
Wed Jan 22 2025
Its contribution share stands at 35.5%, highlighting its significance in the tax structure.
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Leonardo
Wed Jan 22 2025
In 2017/18, the cost ratio of revenue collection was 0.89%, but this figure has since declined.
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