Taxation in Aging Societies – Increasing the Effectiveness and Fairness of Pension Systems
Agustin Redonda,
Vincenzo Galasso,
Mark Mazur,
Miranda Stewart and
Matthew Whittaker | 27 March 2019
Fiscal,
Policy Briefs | Tags:
Inequality,
Pensions,
Tax Expenditures Population aging is accelerating worldwide and has significant socio-economic implications, including a decline in the size of the labour force, an increase in the age-dependency ratio and a redistribution of income and wealth. Hence, the redesign of pension systems has become a priority. Taxation is
... continue reading
International Economic Cooperation in Troubled Times: A Call for Strong Action by the G20
Axel Berger,
Uri Dadush,
Andreas Freytag,
Simon Evenett,
Christian von Haldenwang,
Ricardo Meléndez Ortiz,
Raúl Ochoa,
Karl P. Sauvant and
Agustin Redonda | 26 November 2018
Fiscal,
Trade,
Blog | Tags:
Employment,
G20,
Investment,
Protectionism,
Services Trade,
Tax Competition,
Tax Expenditures The leaders of the G20 will meet on 30 November and 1 December in Buenos Aires for their annual summit. They need to acknowledge that the last two years have been characterized by strong headwinds for the world economy. This time, however, it is not
... continue reading
Assessing Tax Expenditure Reporting in G20 and OECD Economies
Tom Neubig and
Agustin Redonda | 6 November 2018
Fiscal,
Discussion Notes | Tags:
G20,
OECD,
Tax Expenditures Governments worldwide pursue public policy objectives through direct spending and tax expenditures (TEs). Interestingly though, and despite their significant impact on government budgets, TEs are opaque and very often not subject to the same level of scrutiny in the budget process as direct spending. This
... continue reading
The Sunday Program: International Tax Cooperation in the G20
Agustin Redonda | 20 July 2018
Fiscal,
Blog | Tags:
G20,
Tax Competition,
Tax Expenditures Christine Lagarde suggested in a recent IMF Blog that G20 Finance Ministers and Central Bank Governors should concentrate their efforts on three fields when they meet in Buenos Aires on Sunday: global trade, emerging market vulnerabilities, and the impact of technology on jobs. International tax
... continue reading
Tax Competition
Christian von Haldenwang,
Tommaso Faccio,
Tobias Hentze,
Thomas Mättig,
Irma Mosquera Valderrama,
Agustin Redonda,
Gabriela Rigoni,
Jakob Schwab and
Rob Vos | 12 July 2018
Fiscal,
Policy Briefs | Tags:
Corporate Tax,
Tax Competition The world is facing a new round of international tax competition that may result in a ruinous race to the bottom, undermining the fiscal capacity of states to respond to global challenges and to implement the Agenda 2030. G20 leaders must take action to strengthen
... continue reading
Tax Expenditure and the Treatment of Tax Incentives for Investment
Agustin Redonda,
Santiago Diaz de Sarralde,
Christian von Haldenwang,
Lise Johnson,
Ariel Melamud,
Ricardo Rozemberg and
Jakob Schwab | 12 July 2018
Fiscal,
Policy Briefs | Tags:
Fossil Fuel Subsidies,
Investment,
Tax Expenditures Governments use tax expenditures to boost investment, innovation and employment. However, these schemes are largely opaque, costly and often ineffective in reaching their stated goals. They also frequently trigger unwanted side effects. In order to improve the performance of these tools, we present three concrete
... continue reading
Domestic Revenue Mobilization and Tax Expenditures in Developing Countries
Tom Neubig and
Agustin Redonda | 11 July 2018
Fiscal,
Blog | Tags:
Domestic Revenue Mobilization,
Tax Expenditures Domestic revenue mobilization (DRM) is a fundamental component of any sustainable development strategy. This is particularly salient in developing countries where low DRM levels are often one of the most important impediments to inclusive economic growth. Whereas external financing – including, e.g. official development assistance
... continue reading
Energy Tax Expenditures in a Globalized Economy
Agustin Redonda and
Johannes Schwarzer | 9 May 2018
Fiscal,
Trade,
Discussion Notes | Tags:
Energy,
Tax Competition,
Tax Expenditures Countries around the world have introduced energy taxes to expand revenues, reduce energy consumption and curb greenhouse gas emissions. In that context, they have frequently also implemented tax provisions to lower the energy tax bill for certain industries, households and regions. Tax exemptions and deductions
... continue reading
Shedding Light on Hidden Government Spending: Tax Expenditures
Agustin Redonda and
Tom Neubig | 20 December 2017
Fiscal,
Blog | Tags:
Tax Expenditures Tax expenditures (TEs) are used by governments around the world to promote public policy objectives. Examples include tax deductions on mortgage interest to encourage home ownership and preferential tax treatment of pension savings.
... continue reading
Tax Expenditures and the Environment: Strengthening the Spotlight
Agustin Redonda | 8 November 2017
Fiscal,
Blog | Tags:
Energy,
Environment,
Fossil Fuel Subsidies,
Tax Expenditures Tax expenditures – government spending through deductions, exemptions, and other benefits granted through the tax code – are significant and have wide ranging environmental implications. A stronger green fiscal policy spotlight on them is critical.
... continue reading