Tag: Tax Expenditures

From Budgetary to Tax Expenditures: Tackling Social Protection in Quebec, Canada

, and | 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

| 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

, , and | 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

and | 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

| 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

Globalization and Digitalization – Interconnections Between Taxation, Trade and Investment

3, 10, 17, 24 June and 1 July, 2021 14.00-17.00 CET | Online
Fiscal, Trade, Workshops | Tags: Digitalization, Investment, Services Trade, Tax Expenditures, Taxes
Recent decades have witnessed structural changes in the way production is organized. Trade and investment liberalization together with technological developments, notably in transport and communications, have substantially reduced trade and foreign investment costs and enabled global value chains, supported by global finance, to proliferate. As ... continue reading

Tax Incentives for Investment. Old and New Challenges for International Trade

24 June, 2021 14.00-17.00 CET | Online
Fiscal, Workshops | Tags: Digitalization, Investment, Tax Expenditures, Tax Incentives
Despite their stated goals including attracting FDI, creating employment and boosting R&D and innovation, tax incentives for investment are often ineffective. Indeed, several provisions are redundant and hence end-up triggering costly windfall gains. They can also trigger negative spillover effects on third countries, e.g. when ... continue reading

Reforming Tax Expenditures – Challenges and Barriers in the United States

14 April, 2021 20.00 CET, 14.00 EDT | Online
Fiscal, Panel | Tags: Tax Expenditures, Tax Reform
The panel addressed the main challenges and barriers holding back reform of the tax expenditure system in the US including:  The politics of tax expenditures “Negative” and “positive” tax expenditures Collecting racial, ethnic, and gender information Improving transparency in public finance management. ... continue reading