Tax Expenditures in An Era of Transformative Change: The GTED Flagship Report 2023
Christian von Haldenwang, Agustin Redonda and Flurim Aliu | 2 November 2023
Fiscal, Discussion Notes | Tags: GTED, Tax Expenditures
The 2023 edition of the Global Tax Expenditures Database (GTED) Flagship Report, published by the German Institute of Development and Sustainability (IDOS) and CEP, focuses on the use of tax expenditures (TEs) in the context of transformative change, including shifting global economic growth and consumption patterns in a way that is sustainable within planetary boundaries, as well as in line with societal aspirations of inclusiveness, equity and intergenerational fairness. To that end, it gives an overview of recent developments in tax expenditures reporting and provides insights into their magnitude in terms of revenue forgone. It also discusses the design and methodological approaches of tax expenditures evaluations and zooms in, inter alia, on the implications for tax expenditures of the global minimum corporate tax, their linkages with the consumption of fossil fuels, and their use in support of a green transition.
Authors of topical chapters include: Sebastian Beer (IMF), Ana Cinta González Cabral (OECD), Tara Laan (IISD), Sabine Laudage (IDOS), Patrick Lenain (CEP), Jan Loeprick (IMF), Lucas Millán (CEP), Pierce O’Reilly (OECD), Ronald Steenblik (QUNO), Kurt Van Dender (OECD), and Tom Zawisza (OECD).
„Governments continue to forgo trillions of dollars in tax revenues with a level of opacity that is striking. More than half of the countries worldwide still do not report at all on the costs of tax deductions, exemptions, and other benefits channeled through the tax system to specific segments of their societies and economies“.