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Benefit Incidence of Fiscal Measures to Deal with the Impact on Households of the Economic Crisis in Liberia: Comparing Import and Income Taxes

Author

Listed:
  • Tsimpo, Clarence
  • Wodon, Quentin

Abstract

To help households cope with the recent economic crisis, and especially the increase in food prices, the government of Liberia announced a number of fiscal measures. A first measure was to implement a temporary exoneration of import duties on food products, and especially imported rice. A second measure announced by the President in her January 2009 State of the Union address was to reduce the personal income tax top rate from 35 percent to 25 percent together with an exclusion from paying income tax for all ndividuals earning less than L$54,000. This chapter provides an analysis of the consumption and income data from the nationally representative 2007 CWIQ (Core Welfare Indicator Questionnaire) survey in order to compare the likely benefit incidence of both measures. While none of the measures is well targeted to the poor, the first measure is likely to benefit the poor substantially more than the second.

Suggested Citation

  • Tsimpo, Clarence & Wodon, Quentin, 2012. "Benefit Incidence of Fiscal Measures to Deal with the Impact on Households of the Economic Crisis in Liberia: Comparing Import and Income Taxes," MPRA Paper 38553, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:38553
    as

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    File URL: https://mpra.ub.uni-muenchen.de/38553/1/MPRA_paper_38553.pdf
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    References listed on IDEAS

    as
    1. Quentin Wodon & Hassan Zaman, 2010. "Higher Food Prices in Sub-Saharan Africa: Poverty Impact and Policy Responses," World Bank Research Observer, World Bank Group, vol. 25(1), pages 157-176, February.
    2. Tsimpo, Clarence & Wodon, Quentin, 2008. "Rice prices and poverty in Liberia," Policy Research Working Paper Series 4742, The World Bank.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Backiny-Yetna, Prospere & Wodon, Quentin & Zampaglione, Giuseppe, 2012. "Impact of Labor-Intensive Public Works in Liberia: Results from a Light Evaluation Survey," MPRA Paper 38556, University Library of Munich, Germany.
    2. repec:wbk:wbpubs:13079 is not listed on IDEAS
    3. Quentin Wodon, 2012. "Poverty and the Policy Response to the Economic Crisis in Liberia," World Bank Publications, The World Bank, number 13080, July.

    More about this item

    Keywords

    Poverty;

    JEL classification:

    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty

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