From Budgetary to Tax Expenditures: Tackling Social Protection in Quebec, Canada
Ysabel Provencher,
André Gerges and
Luc Godbout | 7 January 2022
Discussion Notes,
Fiscal | Tags:
Social Protection,
Tax Expenditures In his 2018 article "Reimagining Social Protection" Michal Rutkowski, the World Bank's Global Director for Social Protection and Jobs, highlighted the need for new social protection systems that retain their original purpose of fighting poverty, helping households manage uncertainty, and ultimately sparking a more efficient
... continue reading
Is the OECD/G20 International Corporate Tax Reform Fair?
Peter Dietsch | 26 November 2021
Blog,
Fiscal | Tags:
Corporate Tax,
Developing Countries,
Minimum Tax Rate,
Tax Competition On October 8th, the Organisation for Economic Co-operation and Development (OECD) announced that 136 countries have adopted its two-pillar proposal to reform the taxation of multinational enterprises (MNEs).
Pillar One applies to MNEs with sales in excess of $20bn and profits over 10%. It shifts the
... continue reading
Tax Expenditures in the Balkans: Time to Open the Black Box
Flurim Aliu | 28 October 2021
Blog,
Fiscal | Tags:
Tax Expenditures,
Tax Reform The traditional way of thinking about government expenditure goes as follows: first, governments collect revenue (through taxes, borrowing, or other means such as fines and penalties) and then they spend that revenue through the budget process. However, governments can also choose to support different economic
... continue reading
Social Tax Expenditures: The Case of Quebec
Ysabel Provencher,
André Gerges,
Luc Godbout and
Suzie St-Cerny | 5 October 2021
Blog,
Fiscal | Tags:
Social Protection,
Tax Expenditures While the world is weathering the COVID-19 storm, the role of sound social protection systems has become even more crucial. Designing social protection expenditures that are fit for purpose and that contribute to coming back stronger while leaving no one behind is imperative. Public intervention
... continue reading
Tax Expenditures—The $1.5 Trillion Elephant in the (Budget) Room
Tom Neubig and
Agustin Redonda | 16 September 2021
Blog,
Fiscal | Tags:
Income Tax,
Inequality,
Tax Expenditures The Biden administration FY 2022 Budget proposal includes $2.4 trillion of additional revenue over the next 10 years. Higher tax rates on high-income individuals and corporations account for $990 billion. At the same time, the budget proposes $1.35 trillion of new tax expenditures from exemptions,
... continue reading