Tax Expenditure Country Reports. Unveiling Tax Expenditures at the Country Level
Agustin Redonda and
Christian von Haldenwang | 9 July 2024
Fiscal,
Blog | Tags:
GTED,
GTETI,
Tax Expenditures
As shown by the Global Tax Expenditures Transparency Index (GTETI) the quality and scope of TE reporting is highly heterogeneous across jurisdictions, which makes cross-country comparability even trickier. The new series will promote deeper discussions of TE regimes, ultimately enhancing the quality and quantity of
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Tax Expenditures Country Report: The Netherlands
Rocus van Opstal | 9 July 2024
Fiscal,
Discussion Notes | Tags:
GTED,
GTETI,
Tax Expenditures,
The Netherlands
Tax expenditures (TEs) in the Netherlands represent a significant portion of government spending, amounting to 15% of GDP in 2022. These provisions include deviations from the standard tax base, rates, and special credits across various taxes, such as Personal Income Tax (PIT), Corporate Income Tax
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To Advance Trade Policy, Strengthen the Role of Parliaments
Oliver Braunschweig | 5 July 2024
Trade,
Blog | Tags:
Parliaments,
Trade Agreements
In trade policy, parliaments generally play a lesser or even inexistent role. Strengthening their involvement can advance trade policymaking and help better align it with the public interest. This enhanced role should span the whole policy process.
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Missing Dollars – Illicit Financial Flows from Commodity Trade
Gilles Carbonnier and
co-editors | 19 June 2024
Fiscal,
Monetary,
Trade,
Books | Tags:
Commodities,
Governing Finance,
Tax Competition,
Tax Expenditures
The book sheds new light on issues such as addressing push and pull factors through domestic and international policy measures, the preferences of key stakeholders for short-term fixes versus long-term policy reforms, and prescriptive approaches and other options to address tax base erosion in resource-rich
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Energizing Peace: Economic Policies for Affordable, Secure and Clean Energy in Ukraine
Anhelina Dombrovska and
Patrick Lenain | 13 June 2024
Fiscal,
Blog | Tags:
Energy,
Fossil Fuel Subsidies,
Renewables,
Ukraine
Ukraine has a vast and diverse renewable energy potential encompassing wind, solar, biomass, hydropower, and geothermal resources. With continued investment and development, Ukraine could significantly increase its renewable energy capacity and reduce its reliance on fossil fuels.
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The Basel Committee’s Revised Core Principles for Effective Banking Supervision: Addressing Climate-Related Financial Risks in ASEAN+3
Aziz Durrani and
Julia Anna Bingler | 5 June 2024
Monetary,
Policy Briefs | Tags:
ASEAN+3,
BCBS,
Climate Risks,
Financial Supervision,
Macroprudential Policy
This policy brief provides a detailed overview of the guidance that the Basel Committee on Banking Supervision (BCBS) has provided to financial institutions and their supervisors, in relation to assessing, quantifying and managing climate risks under Pillars I, II and III of the Basel framework.
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Addressing Climate-Related Financial Risks in ASEAN+3
Aziz Durrani and
Julia Anna Bingler | 5 June 2024
Monetary,
Blog | Tags:
ASEAN+3,
BCBS,
Climate Risks,
Financial Supervision,
Macroprudential Policy
Whilst not all jurisdictions have adopted the Basel III banking supervision regime, the Core Principles target all financial supervisors globally. They serve as “the de facto minimum standard” for the “sound prudential regulation and supervision of banks and banking systems”...
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Monetary Policy and Climate Change – Distinguishing Between a Protective and a Proactive Agenda
Timothy Lane | 4 June 2024
Monetary,
Policy Briefs | Tags:
Central Banks,
Climate Risks,
Governing Finance
Central banks in many economies are striving to take account of climate change in their policies and operations. In this context, the important distinction between a protective agenda versus a proactive agenda is often blurred.
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What Should Bank Supervisors Do About Climate Risks?
Mark E. Levonian | 4 June 2024
Monetary,
Policy Briefs | Tags:
Central Banks,
Climate Risks,
Financial Supervision,
Governing Finance
This paper considers the role of bank supervisory authorities with respect to climate change. The emerging consensus is that financial supervisors and regulators must address climate-related risks to banks and other financial institutions. The paper discusses potentially productive avenues for doing that in the near
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Technical Standards in Services and Trade Governance
Hildegunn Kyvik Nordås | 8 May 2024
Trade,
Blog | Tags:
Artificial Intelligence,
Digital Economy,
International Standards,
Services Trade,
Trade Governance
Standards can potentially resolve the trade-off between regulatory certainty and space for innovation, provided they are recognized and accepted by law enforcement bodies.
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