Global Individual Capital Gains Tax Revenue Perceived by a Federal or Central Government Share by Country (Million US Dollars)

The global individual capital gains tax revenue in 2023 showed significant disparity among countries. The Philippines led, with fluctuations indicating a moderate increase. Notably, Indonesia displayed the highest growth, while Argentina and Morocco saw declines. Emerging economies like Egypt and the Dominican Republic experienced notable gains, whereas mature markets such as the United States and United Kingdom maintained steady growth. On the contrary, Europe saw mixed results with drops in the Netherlands, Denmark, and a significant decline in Lithuania.

Looking ahead, expect emerging markets to drive growth in capital gains tax revenue as their economies and capital markets continue to expand. Monitoring the policy changes influencing capital gains tax rates will be crucial, as these can significantly impact revenue, especially in volatile or recovering economies.