Invisible Costs: The Transparency Gap in Japan’s Tax Benefits
Dai Yagihara and
Flurim Aliu | 20 September 2024
Fiscal,
Blog | Tags:
Japan,
Tax Expenditures Tax expenditures include tax credits, exemptions, deductions and other reductions in tax liabilities intended to promote specific policy goals. Japan stands out as one of only two G20 countries, alongside Saudi Arabia, that does not report the cost of such tax benefits in a comprehensive
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How California Leaders Can Improve the Oversight and Evaluation of State Tax Expenditures
Kayla Kitson | 6 September 2024
Fiscal,
Blog | Tags:
Parliaments,
Tax Expenditures,
United States In California, tax expenditures — defined in state law as a “credit, deduction, exclusion, exemption, or any other tax benefit as provided for by the state” — represent a significant revenue cost to the state. In recent years, the estimated cost to the state’s General
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Addressing Gender Disparities in Tax Expenditures
Sofia Berg,
Giulia Mascagni and
Caroline Othim | 3 September 2024
Fiscal,
Blog | Tags:
Gender,
Inequality,
Tax Expenditures Understanding the interaction between tax expenditures and gender-based inequalities is essential to ensure that the tax system is fair and equitable – including gender equality in tax matters and the economy more broadly.
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Rationalizing Fiscal Incentives in the Philippines: A Three-Decade Journey
Lorena Fernandez | 12 August 2024
Fiscal,
Blog | Tags:
Parliaments,
Tax Expenditures,
The Philippines As governments around the globe seek to safeguard fiscal space, the question on whether the tax benefits they offer are effective, is becoming ever more critical. In the Philippines, the push for the rationalization of fiscal incentives dates back nearly thirty years...
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Leapfrogging to a New Energy Future: Economic Policies for Affordable, Secure and Clean Energy in Ukraine
Anhelina Dombrovska and
Patrick Lenain | 24 July 2024
Fiscal,
Policy Briefs | Tags:
Energy,
Fossil Fuel Subsidies,
Renewables,
Ukraine With well-designed reforms, international support, private investment – and, crucially, peace – Ukraine can leapfrog to a sustainable energy future. At present, decisionmakers in the energy sector are fighting day-to-day battles to keep the lights on and houses warm. Winning these daily battles and setting
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