Income Taxation of the Top Earners in Honduras

• Tác giả: Thiago Scot
• Ngôn ngữ: eng
• Ký hiệu phân loại: 972.83 *Honduras
• Thông tin xuất bản: Washington, DC: World Bank, 2025
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 298733
• Chủ đề: 1. DISTRIBUTED CAPITAL INCOME; 2. ECONOMIC GROWTH; 3. EFFECTIVE TAX RATE; 4. HONDURAS TAX AUTHORITY (SAR); 5. INCOME TAX RATES

Tóm tắt

This note examines the effective income tax rates of top earners in Honduras, using a novel approach that links personal and corporate income tax data. This comprehensive income measure, achieved through collaboration with the Honduras Tax Authority (SAR), reveals a crucial link between the design of personal and corporate income taxes. The findings indicate that over 50% of total comprehensive income for the top 0.05% of earners comes from undistributed corporate profits, while distributed capital income accounts for less than 15%. The effective tax rate (ETR) for the top 0.01% of earners hovers around 25%, which is relatively flat compared to the significant drop observed in high-income countries. This is attributed to Honduras's flat corporate income tax rate of 25% aligning with the highest marginal rate for personal income.