Unlocking a Sustainable Energy Future: Key Insights from the UK
Luke Hatton and
Patrick Lenain | 1 October 2024
Fiscal,
Blog | Tags:
Decarbonization,
Energy,
Fossil Fuel Subsidies,
Industrial Policy,
Renewables,
United Kingdom
The United Kingdom has made considerable strides in transforming its energy system. Since the early 1970s, the nation has reduced its primary energy consumption by one-fifth, even as its real GDP has nearly tripled. While low-carbon energy sources were once almost non-existent, they now account
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ATI, CEP and IDOS Initiate Community of Practice on Tax Expenditures
Council on Economic Policies | 26 September 2024
Fiscal,
News | Tags:
Tax Expenditures
The Community of Practice (CoP) on Tax Expenditures aspires to leverage the collective expertise of its members to enhance TE governance across ministries of finance, revenue administrations, parliaments, and beyond. This joint initiative will provide all attendees from ATI partner countries as well as other
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Invisible Costs: The Transparency Gap in Japan’s Tax Benefits
Dai Yagihara and
Flurim Aliu | 20 September 2024
Fiscal,
Blog | Tags:
Japan,
Tax Expenditures
Tax expenditures include tax credits, exemptions, deductions and other reductions in tax liabilities intended to promote specific policy goals. Japan stands out as one of only two G20 countries, alongside Saudi Arabia, that does not report the cost of such tax benefits in a comprehensive
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How California Leaders Can Improve the Oversight and Evaluation of State Tax Expenditures
Kayla Kitson | 6 September 2024
Fiscal,
Blog | Tags:
Parliaments,
Tax Expenditures,
United States
In California, tax expenditures — defined in state law as a “credit, deduction, exclusion, exemption, or any other tax benefit as provided for by the state” — represent a significant revenue cost to the state. In recent years, the estimated cost to the state’s General
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Addressing Gender Disparities in Tax Expenditures
Sofia Berg,
Giulia Mascagni and
Caroline Othim | 3 September 2024
Fiscal,
Blog | Tags:
Gender,
Inequality,
Tax Expenditures
Understanding the interaction between tax expenditures and gender-based inequalities is essential to ensure that the tax system is fair and equitable – including gender equality in tax matters and the economy more broadly.
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