Reforming Tax Expenditures – Challenges and Barriers in the United States
14 April, 2021 20.00 CET, 14.00 EDT | Online
Fiscal,
Panel | Tags:
Tax Expenditures,
Tax Reform
The panel addressed the main challenges and barriers holding back reform of the tax expenditure system in the US including:
The politics of tax expenditures
“Negative” and “positive” tax expenditures
Collecting racial, ethnic, and gender information
Improving transparency in public finance management.
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Assessing Pension-Related Tax Expenditures in South Africa
Agustin Redonda and
Christopher Axelson | 6 April 2021
Fiscal,
Research Papers | Tags:
Inequality,
Pensions,
South Africa,
Tax Expenditures
In 2016, the South African government introduced a comprehensive reform to simplify
and harmonize the pension system in order to incentivize pension savings and increase the fairness
of the retirement system. Using administrative tax micro-data, we assess the impact of the 2016
reform and find that it triggered
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“If Something Cannot Go on Forever, It Will Stop“
William White | 1 April 2021
Fiscal,
Monetary,
Policy Briefs | Tags:
Covid-19,
Debt,
Democracy,
Environment,
Financial Stability,
Health Systems,
Inequality,
International Cooperation,
Resilience
“If something cannot go on forever, it will stop.” This famous observation was made by Herb Stein, Senior Fellow at the American Enterprise Institute. It became famous largely because it was just that, obvious. Yet, what is no less obvious is that public policy is
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Disparate Racial Impact: Tax Expenditure Reform Needed
Tom Neubig | 23 March 2021
Fiscal,
Policy Briefs | Tags:
Income Inequality,
Tax Expenditures
This policy brief discusses the issues of potential disparate racial impacts of U.S. tax laws regarding government subsidy and incentive programs run through the tax system: tax expenditures. It analyzes the available data, provides normative insights, and describes eight steps to address disparate racial impacts
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Why Governments Continue to Offer Inefficient Investment Incentives? The Role of Bureaucratic Design
Alexander Slaski and
Sarah Bauerle Danzman | 19 March 2021
Fiscal,
Blog | Tags:
Investment,
Tax Incentives
Governments worldwide use a myriad of tax incentives to promote investment and yet, there is little evidence that these incentives actually work as intended. Moreover, although the striking lack of transparency makes it hard (if not impossible) to accurately estimate their fiscal cost, the available
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How to Design Environmentally Beneficial Tax Incentives
Angela Köppl and
Margit Schratzenstaller | 4 March 2021
Fiscal,
Blog | Tags:
Carbon Tax,
Climate Change,
Tax Incentives
The fight against climate change requires effective economic policy instruments. In addition to environmental taxes, such as a carbon tax, environmentally beneficial tax incentives that favour less polluting consumption and investment activities can be used to promote climate-friendly behaviour. In search of governments around the
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Avoiding a Household Debt Crisis with a Targeted Policy Response
Gudrun Johnsen | 8 January 2021
Fiscal,
Blog | Tags:
Covid-19,
Debt,
Income Tax,
Unemployment
The economic effect of the Covid-19 pandemic varies highly across industrial sectors, education levels and income groups, adding further to inequality across the globe. This calls for highly targeted policy responses for the sake of fiscal prudence and to avoid further economic and financial hardship
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Reforming Tax Expenditures – Focus on Europe
11, 18 and 25 February, 2021 | Online
Fiscal,
Roundtables | Tags:
Consumption Tax,
Corporate Tax,
Personal Income Tax,
Tax Expenditures,
Tax Reform,
Wealth Tax
A significant amount of government funding worldwide is channeled through tax breaks, aka “tax expenditures” (TEs), in the form of exemptions, deductions, credits, deferrals, and reduced tax rates.
Despite their magnitude and the fact that their net impact on government budgets is the same as direct
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COVID-19 and Inequality: The Urgent Need for Tax Expenditure Reform
Rita de la Feria and
Agustin Redonda | 24 November 2020
Fiscal,
Blog | Tags:
Covid-19,
Inequality,
Tax Expenditures,
Tax Reform
The economic impact of COVID-19 is both unprecedented and far-reaching. There is now little doubt that the pandemic will disproportionally hit the worse-off, hence exacerbating inequality. It is also clear that the pandemic is particularly affecting groups and sectors that were already under significant stress
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Tackling Inequality Through Tax Expenditure Reform
Agustin Redonda and
Rita de la Feria | 24 September 2020
Fiscal,
Policy Briefs | Tags:
G20,
Inequality,
Tax Expenditures,
VAT
Inequality endangers social cohesion and hampers economic growth, and as a consequence of the COVID-19 pandemic, inequality is set to increase. Hence, the commitment of the Group of Twenty (G20) to address inequality in the context of the Sustainable Development Goals (SDGs) is arguably more
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