Archive: October 2024

The Role of Tax Expenditures in Fiscal Policy Making: Challenges and Opportunities for Brazil and Beyond

13 November 2024 | Hybrid | Rio de Janeiro | 10-12h BRT (GMT-3))
Conferences, Fiscal | Tags: Brazil, Tax Expenditures
The Fundação Getúlio Vargas (FGV) and the Council on Economic Policies (CEP), with support from Samambaia Filantropias, are co-hosting a hybrid event to present and discuss two new publications on tax expenditure policy and reform. ... continue reading

First Virtual Meeting of the Community of Practice on Tax Expenditures: Indonesia and Liberia

24 October 2024 | 13.00-14.30 CET | Online
Fiscal, Workshops | Tags: GTETI, Tax Expenditures, Transparency
The first virtual meeting of the Community of Practice on Tax Expenditures provided a high-level overview of tax expenditures governance, featuring two compelling presentations from Liberia and Indonesia.  ... continue reading

Financial Resilience in an Age of Environmental Change: Central Banks and Financial Regulators Feel the Heat

| 16 October 2024
Monetary, Policy Briefs | Tags: Climate Risks, Financial Governance, Financial Supervision, Macroprudential Policy, Systemic Risks
In an era of chronic and acute disruptions, durable price and financial stability will require not just accounting for financial hazards, but also engaging in promoting a structural transition. With time running out and the world approaching critical ecological thresholds, central banks and financial regulators ... continue reading

Principles for Addressing Climate Systemic Risks with Capital Buffers

and | 10 October 2024
Monetary, Policy Briefs | Tags: Central Banks, Climate Risks, Financial Stability, Financial Supervision, Macroprudential Policy, Systemic Risks
Some supervisors have started exploring and assessing the different macroprudential instruments available to address climate systemic risks. Systemic capital buffers emerge as one promising option among the different instruments in their toolkits. ... continue reading

Kenya’s Tax Expenditure Reports: A Comprehensive Review

| 9 October 2024
Fiscal, Blog | Tags: Kenya, Tax Expenditures
In Kenya, the main objectives of tax expenditures are to spur economic growth, increase investment, create employment and lower the cost of living. Other than these objectives being defined too broadly to support meaningful evaluation of tax expenditures, the government does not link the reported ... continue reading

Tax Expenditures Country Report: India

| 7 October 2024
Fiscal, Discussion Notes | Tags: GTED, GTETI, India, Tax Expenditures
India's tax landscape is intricate, with various direct and indirect taxes administered by different bodies, such as the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC). The introduction of the Goods and Services Tax (GST) in 2017 ... continue reading

Economic Policies for Affordable, Secure and Clean Energy: Insights from the UK

and | 1 October 2024
Fiscal, Policy Briefs | Tags: Energy, Fossil Fuel Subsidies, Renewables, United Kingdom
Transitioning to a more affordable, secure and clean energy system is a key priority for the UK government. Elected in July 2024, the new government led by Prime Minister Keir Starmer aims at making the country a “clean energy superpower”. ... continue reading

Unlocking a Sustainable Energy Future: Key Insights from the UK

and | 1 October 2024
Fiscal, Blog | Tags: Decarbonization, Energy, Fossil Fuel Subsidies, Industrial Policy, Renewables, United Kingdom
The United Kingdom has made considerable strides in transforming its energy system. Since the early 1970s, the nation has reduced its primary energy consumption by one-fifth, even as its real GDP has nearly tripled. While low-carbon energy sources were once almost non-existent, they now account ... continue reading