Energy Subsidies – Widespread, Significant, and Largely Not Reaching the Poor
Fernando Navajas | 18 April 2016
Fiscal,
Blog | Tags:
Energy,
Inequality,
Subsidies
Energy subsidies are widespread and significant. In 2014, according to the IEA (2015), government support for global fossil fuel consumption amounted to 490 billion US$. An IMF working paper (Coady et al., 2015) reports even higher numbers. Distinguishing between subsidies before (pre) and after (post)
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Multinational tax avoidance in developing countries
Niels Johannesen,
Thomas Tørsløv and
Ludvig Wier | 7 April 2016
Fiscal,
Blog | Tags:
Corporate Taxes,
Development,
Tax Avoidance
In recent years many global firms—including Starbucks, Google, and Amazon—have come under fire for avoiding paying taxes in one country by shifting their profits to a country with lower tax rates.
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Finance, Growth and Inequality
Boris Cournède and
Oliver Denk | 31 March 2016
Fiscal,
Monetary,
Blog | Tags:
Financial Markets,
Inequality
Finance is the lifeblood of modern economies, but too much of the wrong type of finance can hamper economic prosperity and social cohesion. We have taken a holistic approach to study the consequences of finance for the inclusiveness of growth, in the spirit of the
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Tax Expenditures Deserve Far More Scrutiny
Adam Corlett | 30 December 2015
Fiscal,
Blog | Tags:
Tax Expenditures,
UK
Last month, the UK government presented its Spending Review, setting out departmental budgets for the next four years. There were protections for some departments and large cuts (though smaller than expected) for others. Coming after years of previous cuts, many departmental budgets by 2019 will
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Paris to Nairobi
Ujal Singh Bhatia | 23 December 2015
Trade,
Blog | Tags:
Climate,
India,
TPP,
TTIP,
WTO
Trade negotiations didn’t have the happy ending of COP-21. But they portend major changes for the WTO. This month has witnessed two important events whose outcomes point to different conclusions for the future of multilateral cooperation. While the Paris Agreement belied pessimistic expectations and produced
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Boosting R&D through Patent Boxes. Panacea or Not?
Agustin Redonda | 10 December 2015
Fiscal,
Blog | Tags:
BEPS,
Innovation,
Tax Competition,
Tax Expenditures
On October 5th, the OECD presented the final package of the OECD/G20 Base Erosion and Profit Shifting (BEPS) initiative – a cornerstone in the international drive towards corporate tax reform.
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The Distributional Implications of the Crisis and Policy Responses
William White | 8 December 2015
Monetary,
Blog | Tags:
Inequality,
QE
The conduct of monetary policy over the last few years is totally unprecedented. Efforts have been made to influence all parts of the term structure of interest rates and credit spreads as well. Policy rates have been reduced essentially to zero. Forward guidance has also
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Save our Steel! Save our Jobs?
Johannes Schwarzer | 13 November 2015
Trade,
Blog | Tags:
Anti-Dumping,
China,
EU,
Steel,
Tariffs
EU member States have recently intensified their calls upon the European Commission to deploy trade defence measures to stem the rising tide of cheap imports of steel from China. It is contended that the slowdown of the Chinese domestic economy has prompted steel manufacturers to
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Looking for a Way out the Subsidies Labyrinth in Argentina
Lucio Castro | 16 October 2015
Fiscal,
Monetary,
Blog | Tags:
Energy,
Inflation,
Subsidies
In the midst of a heated electoral campaign, subsidies are at the centre of the political debate in Argentina. Shock or gradual approaches to reform those transfers have emerged as the buzzwords of the moment as the presidential race heats up.
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Tax Expenditures and Sustainability
Agustin Redonda | 8 October 2015
Fiscal,
Blog | Tags:
Renewables,
Tax Expenditures
What do 1.8 billion Euro given to Italian farmers, 69.7 billion US$ provided to US homeowners, and 75 billion A$ allocated to support the retirement income system in Australia have in common? They are channeled through tax expenditures.
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