Is It Time To Take Away The Carbon Punch Bowl?
Josh Ryan-Collins | 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
Agustin Redonda | 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
Ben Klemens | 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
Tax Expenditures. The Big Black Box
Agustin Redonda | 20 July 2017
Blog,
External,
Fiscal | Tags:
Tax Expenditures According to the federal financial statements 2016, tax expenditures in Switzerland reduced government revenues by 21 to 25 billion Swiss francs. This amounts to 31 to 37 percent of the country’s federal income.
... continue reading
Measuring Tax Expenditures in Developing Countries: What is the Role of the G20?
Magalí Brosio | 26 May 2017
Blog,
Fiscal | Tags:
Inequality,
Tax Competition,
Tax Expenditures For many countries in the developing world, tax exemptions are considered a crucial instrument for stimulating private local investment and, mainly, attracting foreign direct investment (FDI) inflows. According to the point of view that promotes tax expenditures as a convenient tool for achieving these goals,
... continue reading