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
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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
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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.
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Assessing Pension-Related Tax Expenditures in South Africa
Agustin Redonda and
Christopher Axelson | 6 April 2021
Fiscal,
Research Papers | Tags:
Inequality,
Pensions,
South Africa,
Tax Expenditures In 2016, the South African government introduced a comprehensive reform to simplify
and harmonize the pension system in order to incentivize pension savings and increase the fairness
of the retirement system. Using administrative tax micro-data, we assess the impact of the 2016
reform and find that it triggered
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Disparate Racial Impact: Tax Expenditure Reform Needed
Tom Neubig | 23 March 2021
Fiscal,
Policy Briefs | Tags:
Income Inequality,
Tax Expenditures This policy brief discusses the issues of potential disparate racial impacts of U.S. tax laws regarding government subsidy and incentive programs run through the tax system: tax expenditures. It analyzes the available data, provides normative insights, and describes eight steps to address disparate racial impacts
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Reforming Tax Expenditures – Focus on Europe
11, 18 and 25 February, 2021 | Online Fiscal,
Roundtables | Tags:
Consumption Tax,
Corporate Tax,
Personal Income Tax,
Tax Expenditures,
Tax Reform,
Wealth Tax A significant amount of government funding worldwide is channeled through tax breaks, aka “tax expenditures” (TEs), in the form of exemptions, deductions, credits, deferrals, and reduced tax rates.
Despite their magnitude and the fact that their net impact on government budgets is the same as direct
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COVID-19 and Inequality: The Urgent Need for Tax Expenditure Reform
Rita de la Feria and
Agustin Redonda | 24 November 2020
Fiscal,
Blog | Tags:
Covid-19,
Inequality,
Tax Expenditures,
Tax Reform The economic impact of COVID-19 is both unprecedented and far-reaching. There is now little doubt that the pandemic will disproportionally hit the worse-off, hence exacerbating inequality. It is also clear that the pandemic is particularly affecting groups and sectors that were already under significant stress
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Tackling Inequality Through Tax Expenditure Reform
Agustin Redonda and
Rita de la Feria | 24 September 2020
Fiscal,
Policy Briefs | Tags:
G20,
Inequality,
Tax Expenditures,
VAT Inequality endangers social cohesion and hampers economic growth, and as a consequence of the COVID-19 pandemic, inequality is set to increase. Hence, the commitment of the Group of Twenty (G20) to address inequality in the context of the Sustainable Development Goals (SDGs) is arguably more
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Trade Implications of Tax Expenditures
Agustin Redonda,
Irma Mosquera Valderrama,
Gilles Carbonnier,
Robert Koopman,
Rahul Mehrotra and
Facundo Calvo | 15 September 2020
Fiscal,
Trade,
Policy Briefs | Tags:
Carbon Tax,
Digitalization,
Tax Competition,
Tax Expenditures International trade and taxation are inextricably linked and have been high-priority issues within the Group of Twenty (G20) agenda. However, the interconnections between international trade and tax expenditures—that is, benefits granted through preferential tax treatment—have been overlooked. This brief calls for a better design of
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Worthy Goals, Flawed Policies – Why Increasing Tax Deductions for Parents Can be Wrong
Agustin Redonda | 4 September 2020
Fiscal,
Blog | Tags:
Inequality,
Tax Expenditures Tax expenditures (TEs) – also called tax benefits, tax reliefs, or simply tax subsidies – are used widely to pursue different policy objectives, e.g. boosting innovation and R&D, attracting investment and reducing poverty. Governments worldwide forego significant amounts of revenues through the implementation of these
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