How Much Revenue Does Kosovo Forgo Through Tax Expenditures? We don’t know!
Flurim Aliu | 21 April 2022
Fiscal,
Blog | Tags:
Tax Expenditures,
Transparency
The traditional way of thinking about how states finance projects is as follows: first, governments collect revenue (through taxes, borrowing, payments, and fines) and then this revenue is spent through the budget process.
However, governments may choose to support various economic sectors, activities, or groups of
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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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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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Cross-border Movement of People and Its Critical Role for Services Trade
Oliver Braunschweig and
Hildegunn Kyvik Nordås | 28 February 2022
Trade,
Blog | Tags:
Mode 4,
Services Trade,
WTO
The importance of cross-border movement of people for services trade and the functioning of global value chains has been amply demonstrated during the COVID-19 crisis. While in normal times – and during the financial crisis in 2008 – services trade has been less volatile than
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Resilience in Services Value Chains
Sébastien Miroudot | 15 February 2022
Trade,
Blog | Tags:
Global Value Chains,
Resilience,
Services Trade
COVID-19 has triggered a new debate on the resilience of global value chains (GVCs) and risks associated with international production (Bonadio et al., 2020; Miroudot, 2020a). Most of this debate focuses on manufacturing and shortages of goods such as face masks or semi-conductors. This is
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