Table 2. Economic impacts.
Geographic region | Scenario 1 | Scenario 2 | ||||
Economic (US$ × 106) |
Income (US$ × 106) |
Tax revenue* (US$ × 106) |
Economic (US$ × 106) |
Income (US$ × 106) |
Tax revenue* (US$ × 106) |
|
Africa | 8,612–13,877 | 2,061–3,322 | 939–1,513 | 7,626–12,892 | 1,826–3,086 | 832–1,406 |
Antarctica and sub-Antarctic |
3.0–4.7 | 0.8–1.2 | 0.2–0.3 | 3.0–4.7 | 0.8–1.2 | 0.2–0.3 |
Asia | 12,520–20,255 | 3,329–5,386 | 989–1,600 | 10,284–18,019 | 2,735–4,792 | 812–1,423 |
Europe | 3,506–5,651 | 854–1,376 | 217–350 | 3,092–5,237 | 753–1,276 | 192–325 |
North America | 2,747–4,473 | 952–1,550 | 209–340 | 1,978–3,703 | 686–1,284 | 150–281 |
Oceania | 201–323 | 45–72 | 17–28 | 178–301 | 40–67 | 16–26 |
South America | 1,392–2,267 | 380–619 | 185–301 | 987–1,862 | 270–509 | 131–247 |
Total | 30,591–49,455 | 8,207–13,268 | 2,651–4,286 | 25,503 - 44,367 | 6,842–11,903 | 2,210–3,845 |
*Note that this table uses the variable tax rates by region. Each region has an average tax rate reported at https://home.kpmg/xx/en/home/services/tax/tax-tools-and-resources/tax-rates-online/corporate-tax-rates-table.html.