The Earned Income Tax Credit: Helping Families at a Surprisingly Low Cost
Jacob Bastian | 29 November 2018
Fiscal,
Blog | Tags:
Inequality,
Poverty,
Tax Expenditures
Amid growing concerns over stagnant rates of intergenerational mobility, little to no wage growth for low-skilled workers, and declining rates of labor force participation, policymakers are interested in approaches to strengthen incentives to work, increase household income for disadvantaged families, and increase children’s economic opportunity.
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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
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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
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Are Tax Incentives in Nigeria Attracting Investment or Giving Away Revenue?
Mustapha Ndajiwo | 16 August 2018
Fiscal,
Blog | Tags:
Tax Competition,
Tax Expenditures
For over a decade, Nigeria, like so many developing countries, has been granting a number of tax incentives to multinational companies in a bid to attract foreign direct investment. Proponents of the incentives argue that the measures are vital to the development of the economy,
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Green Fiscal Reform Was Not Invited to the G20’s Tango Show
Michael Jakob | 1 August 2018
Fiscal,
Blog | Tags:
Carbon Pricing,
Climate Change,
Fossil Fuel Subsidies,
Latin America
The Argentine G20 presidency has three concrete priorities: jobs, infrastructure, and food security. Strikingly though, carbon pricing was not invited for Tango. Indeed, the absence of carbon pricing as well as green fiscal reform among the list of priorities within this year’s agenda jeopardizes the
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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
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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
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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
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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
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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
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