Bank of Japan’s Independence Reinforces Sanaenomics’ Credibility
Matthew Poggi | 29 July 2026
Monetary,
Blog | Tags:
Central Banks,
Governing Finance,
Japan
Japan’s annual economic policy blueprint rarely moves markets. This year’s did, even before it was finalised. An early draft of the Sanae Takaichi administration’s ‘Basic Policy on Economic and Fiscal Management and Reform’ placed unprecedented emphasis on the compatibility of Bank of Japan policy with
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Entrepreneurship or Income Reclassification? Responses to Preferential Taxation of Business Income in Poland
Justyna Klejdysz and
Tom Zawisza | 29 July 2026
Fiscal,
Blog | Tags:
Employment,
Entrepreneurship,
Poland,
Tax Reform
Governments often tax small business income at lower rates than employment income. The rationale is often that entrepreneurship generates positive spillovers in terms of innovation, investment, and employment.
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From Plans to Reality: Budget Credibility in Sub-Saharan Africa
Pablo Lopez Murphy,
Can Sever and
Qianqian Zhang | 30 June 2026
Fiscal,
Blog | Tags:
Africa,
Tax Expenditures
Budgets are the central policy instrument for articulating government priorities, allocating scarce resources, and determining the fiscal stance. They set out governments’ expectations for revenues, borrowing, and spending based on policy priorities, macroeconomic forecasts, and financing assumptions.
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VAT and Social Equity: The Case of Period Products
Stefanie Geringer | 18 May 2026
Fiscal,
Blog | Tags:
Gender,
Inequality,
Tax Expenditures,
VAT
Value added tax (VAT) is one of the most important revenue sources for the 21st-century tax and welfare state. This holds true for OECD Member Countries as well as EU Member States, and more so for low-income countries.
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Japan Needs a New Framework for a Post-Deflation Economy
Matthew Poggi | 29 April 2026
Monetary,
Blog | Tags:
Central Banks,
Economic Growth,
Governing Finance,
Japan
Japan’s policy-makers should reconsider whether the institutional framework governing relations between the government and the Bank of Japan still fits the country’s economic priorities.
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Why Tax Expenditure Reporting Is a Missing Link in Financing for Development
Alexandra Readhead,
Agustin Redonda,
Christian von Haldenwang,
Giovanni Occhiali,
Giulia Mascagni and
Harshil Parekh | 21 April 2026
Fiscal,
Blog | Tags:
Domestic Revenue Mobilization,
GTED,
Tax Expenditures
With aid budgets shrinking and debt vulnerabilities mounting, the $4 trillion governments forgo annually through exemptions, credits, and preferential rates demands greater transparency and accountability.
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Japan Shifts to a New Fiscal Anchor
Matthew Poggi | 15 April 2026
Fiscal,
Blog | Tags:
Debt,
Fiscal Rules,
Japan
Japan is redefining the framework that anchors its public finances. Following the belated approval of the 2026 financial year budget, attention will turn to the Sanae Takaichi administration’s shift from a single-year primary balance target towards a medium-term approach centred on stabilising the debt-to-gross domestic product ratio.
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How Can Ministries of Finance Support the Low-Carbon Transition Through Coherent ‘Policy Packages’?
Patrick Lenain | 13 April 2026
Fiscal,
Monetary,
Blog | Tags:
Carbon Pricing,
Energy,
Industrial Policy,
Policy Coherence,
Tax Expenditures
The transition towards greener and more resilient economies is one of the defining economic opportunities of our time. From growth and innovation to enhanced competitiveness and long-term savings, the potential gains are substantial.
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Governing Tax Expenditures: Lessons from Four Advanced and Emerging Market Economies
Sofia Berg,
Sanjeev Gupta and
Agustin Redonda | 2 March 2026
Fiscal,
Blog | Tags:
Brazil,
Domestic Revenue Mobilization,
France,
India,
Tax Expenditures,
United Kingdom
This blog builds on four Tax Expenditures Country Reports published within the series hosted by CEP and IDOS, and shows how Brazil, France, India, and the United Kingdom govern tax expenditures across three critical dimensions: benchmark definition, reporting, and evaluation.
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Confronting Climate Change in the Philippines: Building Resilience while Cutting Emissions
Patrick Lenain | 13 February 2026
Fiscal,
Blog | Tags:
Carbon Pricing,
Climate Risks,
Energy,
Renewables,
The Philippines
Climate change is not a distant threat for the Philippines. Preparing for a warmer and more volatile future will require building on past progress in investing into climate change adaptation, combined with carbon pricing and cleaner power generation.
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