Is It Time to Rationalize Tax Expenditures?
Luisa Dressler,
Sanjeev Gupta,
Agustin Redonda and
Paolo de Renzio | 19 April 2022
Fiscal,
Blog | Tags:
Tax Expenditures,
Tax Reform
As developing countries recover from the pandemic, they will need to bring their public finances to a more sustainable position, by streamlining public spending and strengthening the revenue base. The need to mobilize additional resources has been exacerbated by the recent economic turmoil triggered by
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G7 Countries Must Urgently Phase Out Fossil Fuel Subsidies
Agustin Redonda,
Christian von Haldenwang and
Ronald Steenblik | 8 April 2022
Fiscal,
Policy Briefs | Tags:
Climate Change,
Fossil Fuel Subsidies
The world’s governments have pledged to fight climate change, yet many still subsidize fossil fuels, the combustion of which increases GHG emissions. Phasing out these subsidies is thus vital to combating climate change. What this Policy Brief proposes is that G7 Governments reaffirm their commitment
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The Global Tax Deal and Tax Incentives: What if the Cure Is Worse Than the Disease?
Agustin Redonda | 18 March 2022
Fiscal,
Blog | Tags:
Minimum Tax Rate,
Tax Expenditures,
Tax Incentives
The global tax deal reached in October 2021 is a milestone in international tax coordination. With 137 out of 141 jurisdictions in the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) now participating in the agreement, there is no doubt about its significance.
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From Budgetary to Tax Expenditures: Tackling Social Protection in Quebec, Canada
Ysabel Provencher,
André Gerges and
Luc Godbout | 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
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Is the OECD/G20 International Corporate Tax Reform Fair?
Peter Dietsch | 26 November 2021
Fiscal,
Blog | Tags:
Corporate Tax,
Developing Countries,
Minimum Tax Rate,
Tax Competition
On October 8th, the Organisation for Economic Co-operation and Development (OECD) announced that 136 countries have adopted its two-pillar proposal to reform the taxation of multinational enterprises (MNEs).
Pillar One applies to MNEs with sales in excess of $20bn and profits over 10%. It shifts the
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