Blog

Fighting Poverty with Taxes

| 21 November 2017
Blog, Fiscal | Tags: Inequality, Poverty, Tax Expenditures
One way the U.S. federal income tax system provides low-income families with financial support is through refundable tax credits. Families can claim refundable tax credits even if they do not owe any tax liability, which allows families with the lowest incomes to receive benefits. ... continue reading

In France, Evaluating Tax Expenditure Effectiveness Remains a Challenge

| 16 November 2017
Blog, Fiscal | Tags: Tax Expenditures
The inability of the French government to ensure that a particular tax benefit reaches its primary goal – i.e. the assessment of public expenditure effectiveness – lies at the heart of the expansion of public subsidies. ... continue reading

Is It Time To Take Away The Carbon Punch Bowl?

| 5 September 2017
Blog, Monetary | Tags: Climate Change, Financial Stability, Macroprudential Regulation
Climate change poses serious financial risks. Perhaps the biggest systemic risk is a disorderly transition to a low carbon economy. As noted in the Bank of England’s ‘response to Climate Change’, current forecasts suggest that to keep global average temperatures below 2 degrees, around two-thirds of ... continue reading

Fiscal Policy and Informality

| 1 September 2017
Blog, Fiscal | Tags: Inequality, Pensions, Tax Expenditures
Countries differ from each other in several aspects that need to be considered when designing fiscal policy. The size of the informal sector is a case in point. ... continue reading

Unpacking Patent Boxes

| 26 July 2017
Blog, Fiscal | Tags: Patent Boxes, Tax Competition, Tax Expenditures
An intellectual property box is a special lower tax rate for profits associated with intellectual property (IP). There are over twenty around the world, and over the last few years bills have been introduced to the U.S. Congress for a U.S. IP box. IP boxes always ... continue reading