How Much Revenue Does Kosovo Forgo Through Tax Expenditures? We don’t know!
Flurim Aliu | 21 April 2022
Fiscal,
Blog | Tags:
Tax Expenditures,
Transparency The traditional way of thinking about how states finance projects is as follows: first, governments collect revenue (through taxes, borrowing, payments, and fines) and then this revenue is spent through the budget process.
However, governments may choose to support various economic sectors, activities, or groups of
... continue reading
Is It Time to Rationalize Tax Expenditures?
Luisa Dressler,
Sanjeev Gupta,
Agustin Redonda and
Paolo de Renzio | 19 April 2022
Fiscal,
Blog | Tags:
Tax Expenditures,
Tax Reform As developing countries recover from the pandemic, they will need to bring their public finances to a more sustainable position, by streamlining public spending and strengthening the revenue base. The need to mobilize additional resources has been exacerbated by the recent economic turmoil triggered by
... continue reading
The Global Tax Deal and Tax Incentives: What if the Cure Is Worse Than the Disease?
Agustin Redonda | 18 March 2022
Fiscal,
Blog | Tags:
Minimum Tax Rate,
Tax Expenditures,
Tax Incentives The global tax deal reached in October 2021 is a milestone in international tax coordination. With 137 out of 141 jurisdictions in the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) now participating in the agreement, there is no doubt about its significance.
... continue reading
From Budgetary to Tax Expenditures: Tackling Social Protection in Quebec, Canada
Ysabel Provencher,
André Gerges and
Luc Godbout | 7 January 2022
Fiscal,
Discussion Notes | Tags:
Social Protection,
Tax Expenditures In his 2018 article "Reimagining Social Protection" Michal Rutkowski, the World Bank's Global Director for Social Protection and Jobs, highlighted the need for new social protection systems that retain their original purpose of fighting poverty, helping households manage uncertainty, and ultimately sparking a more efficient
... continue reading
Tax Expenditures in the Balkans: Time to Open the Black Box
Flurim Aliu | 28 October 2021
Fiscal,
Blog | Tags:
Tax Expenditures,
Tax Reform The traditional way of thinking about government expenditure goes as follows: first, governments collect revenue (through taxes, borrowing, or other means such as fines and penalties) and then they spend that revenue through the budget process. However, governments can also choose to support different economic
... continue reading
Social Tax Expenditures: The Case of Quebec
Ysabel Provencher,
André Gerges,
Luc Godbout and
Suzie St-Cerny | 5 October 2021
Fiscal,
Blog | Tags:
Social Protection,
Tax Expenditures While the world is weathering the COVID-19 storm, the role of sound social protection systems has become even more crucial. Designing social protection expenditures that are fit for purpose and that contribute to coming back stronger while leaving no one behind is imperative. Public intervention
... continue reading
Tax Expenditures—The $1.5 Trillion Elephant in the (Budget) Room
Tom Neubig and
Agustin Redonda | 16 September 2021
Fiscal,
Blog | Tags:
Income Tax,
Inequality,
Tax Expenditures The Biden administration FY 2022 Budget proposal includes $2.4 trillion of additional revenue over the next 10 years. Higher tax rates on high-income individuals and corporations account for $990 billion. At the same time, the budget proposes $1.35 trillion of new tax expenditures from exemptions,
... continue reading
Tax Expenditures and Domestic Revenue Mobilisation
9-11 November 2021 | Online Fiscal,
Workshops | Tags:
Domestic Revenue Mobilization,
Informality,
Tax Expenditures,
Tax Reform Tax expenditures (TEs) are tax benefits that governments use worldwide to pursue various policy goals such as attracting investment, boosting innovation and fighting poverty. TEs are costly, as they lower government revenue and the tax liability of the beneficiary. The global average of tax revenues
... continue reading
Press Release: New Global Tax Expenditures Database by CEP and DIE: Shedding Light on Hidden Government Spending
Council on Economic Policies | 16 June 2021
Press Releases | Tags:
Tax Expenditures,
Tax Incentives,
Tax Reform The Council on Economic Policies (CEP) and the German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE) today launch the Global Tax Expenditures Database (GTED). The database went live today at www.GTED.net and will be officially launched at 15.00 CEST with an online conference featuring
... continue reading
Global Tax Expenditures Database – Official Launch
16 June 2021, 15.00-17.30 CET | Online Conferences,
Fiscal | Tags:
Inequality,
Sustainability,
Tax Expenditures,
Tax Reform The Council on Economic Policies (CEP) and the German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE) have launched the «Global Tax Expenditures Database» (GTED): www.GTED.net with an online conference on 16 June 2021. The key findings of the GTED Flagship report presented at
... continue reading