The Sunday Program: International Tax Cooperation in the G20
Agustin Redonda | 20 July 2018
Fiscal,
Blog | Tags:
G20,
Tax Competition,
Tax Expenditures Christine Lagarde suggested in a recent IMF Blog that G20 Finance Ministers and Central Bank Governors should concentrate their efforts on three fields when they meet in Buenos Aires on Sunday: global trade, emerging market vulnerabilities, and the impact of technology on jobs. International tax
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Tax Expenditure and the Treatment of Tax Incentives for Investment
Agustin Redonda,
Santiago Diaz de Sarralde,
Christian von Haldenwang,
Lise Johnson,
Ariel Melamud,
Ricardo Rozemberg and
Jakob Schwab | 12 July 2018
Fiscal,
Policy Briefs | Tags:
Fossil Fuel Subsidies,
Investment,
Tax Expenditures Governments use tax expenditures to boost investment, innovation and employment. However, these schemes are largely opaque, costly and often ineffective in reaching their stated goals. They also frequently trigger unwanted side effects. In order to improve the performance of these tools, we present three concrete
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Domestic Revenue Mobilization and Tax Expenditures in Developing Countries
Tom Neubig and
Agustin Redonda | 11 July 2018
Fiscal,
Blog | Tags:
Domestic Revenue Mobilization,
Tax Expenditures Domestic revenue mobilization (DRM) is a fundamental component of any sustainable development strategy. This is particularly salient in developing countries where low DRM levels are often one of the most important impediments to inclusive economic growth. Whereas external financing – including, e.g. official development assistance
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Energy Tax Expenditures in a Globalized Economy
Agustin Redonda and
Johannes Schwarzer | 9 May 2018
Fiscal,
Trade,
Discussion Notes | Tags:
Energy,
Tax Competition,
Tax Expenditures Countries around the world have introduced energy taxes to expand revenues, reduce energy consumption and curb greenhouse gas emissions. In that context, they have frequently also implemented tax provisions to lower the energy tax bill for certain industries, households and regions. Tax exemptions and deductions
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Shedding Light on Hidden Government Spending: Tax Expenditures
Agustin Redonda and
Tom Neubig | 20 December 2017
Fiscal,
Blog | Tags:
Tax Expenditures Tax expenditures (TEs) are used by governments around the world to promote public policy objectives. Examples include tax deductions on mortgage interest to encourage home ownership and preferential tax treatment of pension savings.
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Fighting Poverty with Taxes
Patricia K. Tong | 21 November 2017
Fiscal,
Blog | Tags:
Inequality,
Poverty,
Tax Expenditures One way the U.S. federal income tax system provides low-income families with financial support is through refundable tax credits. Families can claim refundable tax credits even if they do not owe any tax liability, which allows families with the lowest incomes to receive benefits.
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In France, Evaluating Tax Expenditure Effectiveness Remains a Challenge
Valérie Segond | 16 November 2017
Fiscal,
Blog | Tags:
Tax Expenditures The inability of the French government to ensure that a particular tax benefit reaches its primary goal – i.e. the assessment of public expenditure effectiveness – lies at the heart of the expansion of public subsidies.
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Tax Expenditures and the Environment: Strengthening the Spotlight
Agustin Redonda | 8 November 2017
Fiscal,
Blog | Tags:
Energy,
Environment,
Fossil Fuel Subsidies,
Tax Expenditures Tax expenditures – government spending through deductions, exemptions, and other benefits granted through the tax code – are significant and have wide ranging environmental implications. A stronger green fiscal policy spotlight on them is critical.
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Fiscal Policy and Informality
Agustin Redonda | 1 September 2017
Fiscal,
Blog | 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.
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Unpacking Patent Boxes
Ben Klemens | 26 July 2017
Fiscal,
Blog | 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
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