Program: Fiscal

Tax Expenditures and Complexity in a VAT System: The Case of Brazil

| 7 January 2020
Blog, Fiscal | Tags: Tax Expenditures, VAT
Despite its known regressivity, the value-added tax (VAT) has been considered a robust tool for development, especially if integrated into a well-implemented tax-and-benefit system. VAT is often considered a neutral tax that minimizes distortions and is particularly relevant to low- and middle-income countries due to ... continue reading

Housing Taxation in Europe

, , , and | 18 December 2019
Blog, Fiscal | Tags: Housing, Tax Expenditures
Tax incentives favouring homeownership are widely used in developed economies. Homeownership is often thought to bring a number of positive contributions, from the promotion of households´ saving to enhanced community engagement. However, housing tax incentives are also considered as a major source of distortions for ... continue reading

What the Tax Cuts and Jobs Act Means for Tax Expenditures

| 20 June 2019
Blog, Fiscal | Tags: Income Tax, Inequality, Tax Expenditures
In a new paper, my former Tax Policy Center colleague Daniel Berger and I calculate that the 2017 Tax Cuts and Jobs Act (TCJA) modestly reduced the cost of tax expenditures in the individual income tax and made them slightly less regressive. We estimate that ... continue reading

Fiscal Transparency: The Case of Tax Expenditures in Developing Countries

| 11 April 2019
Blog, Fiscal | Tags: Tax Expenditures
In recent years, more developing countries have started reporting on their tax expenditures, however the quality of reporting needs to improve if it is to usefully contribute to fiscal transparency and the debate on domestic revenue mobilization. ... continue reading

Taxation in Aging Societies – Increasing the Effectiveness and Fairness of Pension Systems

, , , and | 28 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