For the remaining years, the impacts on personal income tax revenues are higher in the real GDP shock, reflecting higher real income and the progressivity of the tax system. |
The principle behind progressivity is that people need an average amount of money for their basic needs such as food and shelter. |
Thereafter it increases as a percentage of GDP, reflecting the progressivity of the income tax system. |
The date above for the elimination of all forms of export subsidies, together with the agreed progressivity and parallelism, will be confirmed only upon the completion of the modalities. |
It falls to us to find, for these countries, progressivity systems that do not, under any circumstances, alter the global targets or the final deadline, namely 2020, but that are still acceptable to the other countries. |
Some people, such as our German friends, want to retain only one criterion and to abandon progressivity. |