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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