Archive: July 2024

Leapfrogging to a New Energy Future: Economic Policies for Affordable, Secure and Clean Energy in Ukraine

and | 24 July 2024
Fiscal, Policy Briefs | Tags: Energy, Fossil Fuel Subsidies, Renewables, Ukraine
With well-designed reforms, international support, private investment – and, crucially, peace – Ukraine can leapfrog to a sustainable energy future. At present, decisionmakers in the energy sector are fighting day-to-day battles to keep the lights on and houses warm. Winning these daily battles and setting ... continue reading

Transition and Systemic Risk in the South African Banking Sector: Assessment and Macroprudential Options

, and | 22 July 2024
Monetary, Working Papers | Tags: Central Banks, Climate Risks, Financial Stability, Macroprudential Policy, South Africa
This paper presents the main transition risks for the South African banking sector, highlighting that the coal value chain is central to these risks. It assesses the banking system’s exposure to transition risks in the corporate sector, showing that they are material and widespread. ... continue reading

The Importance of Bringing the WTO Joint Initiative on E-commerce Over the Finishing Line

17 July 2024 | Online | 10.00-11.00 am (CET)
Trade, Webinar | Tags: Digital Economy, Services Trade, WTO
There is no doubt that global e-commerce and related cross-border data flows require governance to ensure cyber security and privacy. Interoperable rules and regulations across the globe would substantially ease the cost of trade in digitally enabled services for everyone. ... continue reading

Tax Expenditure Country Reports. Unveiling Tax Expenditures at the Country Level

and | 9 July 2024
Fiscal, Blog | Tags: GTED, GTETI, Tax Expenditures
As shown by the Global Tax Expenditures Transparency Index (GTETI) the quality and scope of TE reporting is highly heterogeneous across jurisdictions, which makes cross-country comparability even trickier. The new series will promote deeper discussions of TE regimes, ultimately enhancing the quality and quantity of ... continue reading

Tax Expenditures Country Report: The Netherlands

| 9 July 2024
Fiscal, Discussion Notes | Tags: GTED, GTETI, Tax Expenditures, The Netherlands
Tax expenditures (TEs) in the Netherlands represent a significant portion of government spending, amounting to 15% of GDP in 2022. These provisions include deviations from the standard tax base, rates, and special credits across various taxes, such as Personal Income Tax (PIT), Corporate Income Tax ... continue reading