Source: Economic Research Forum
Author(s): Ahmed Rashad
Original Link: https://theforum.erf.org.eg/2021/03/29/no-sticks-just-carrots-negative-income-tax-egypt/
Egypt’s government has provided cash assistance to vulnerable workers during the Covid-19 crisis. As this column explains, there is an opportunity to transform this temporary policy into a rules-based fiscal stimulus or automatic stabiliser that can strengthen the resilience of the Egyptian economy to future downturns. A negative income tax could also reduce informality and help to eradicate extreme poverty.
Read more at original link