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Central Banks and Climate Change

| 21 February 2020
Blog, Monetary | Tags: Central Banks, Climate Change, Credit Risk, Governing Finance
Central banks must supplement their risk processes to reflect climate risks. This is neither a conflict of objectives nor an overburdening of their mandate, but a fiduciary duty. ... continue reading

A European Anti–Money Laundering Supervisor: From Vision to Legislation

and | 10 February 2020
Blog, Monetary | Tags: AML, Financial Supervision, Governing Finance
The European Union is moving toward implementing a policy to strengthen anti–money laundering (AML) supervision across its Single Market, namely enforcing requirements on banks and other firms to ensure they do not facilitate transactions involving proceeds from illegal activities. The European Commission, in charge of ... continue reading

A Lack Of Transparency. Do You Know About The Taxes Your Government Does NOT Collect?

and | 20 January 2020
Blog, Fiscal | Tags: Tax Expenditures
All over the planet, governments are desperate for funds to finance social policies, public infrastructure and development projects. Yet, the very same governments routinely forego huge amounts of tax revenues by granting tax incentives to investors, setting lower value added tax rates for the consumption ... continue reading

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