Tax Policy and Inclusive Growth

Tax Policy and Inclusive Growth
Author: Khaled Abdel-Kader
Publisher: INTERNATIONAL MONETARY FUND
Total Pages: 38
Release: 2020-12-04
Genre: Business & Economics
ISBN: 9781513561561

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This paper discusses the theory and practice of tax design to achieve an efficient and equitable outcome, i.e. in support of inclusive growth. It starts with a discussion of the key principles from tax theory to guide practical tax design. Then, it elaborates on more granular tax policy, discussing key choices in the structure of the personal income tax on labor and capital income, taxes on wealth, the corporate income tax, and consumption taxes. The paper concludes by highlighting the political economy considerations of the issues with concrete recommedtions as to how to implement tax reform.

Tax Policy for Inclusive Growth in Latin America and the Caribbean

Tax Policy for Inclusive Growth in Latin America and the Caribbean
Author: Santiago Acosta-Ormaechea
Publisher: International Monetary Fund
Total Pages: 41
Release: 2022-01-21
Genre:
ISBN: 1616358297

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Tax Policy for Inclusive Growth in Latin America and the Caribbean

OECD Tax Policy Studies Tax Policy Reform and Economic Growth

OECD Tax Policy Studies Tax Policy Reform and Economic Growth
Author: OECD
Publisher: OECD Publishing
Total Pages: 157
Release: 2010-11-03
Genre:
ISBN: 9264091084

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This report investigates how tax structures can best be designed to support GDP per capita growth.

Taxing Wages 2021

Taxing Wages 2021
Author: OECD
Publisher: OECD Publishing
Total Pages: 651
Release: 2021-04-29
Genre:
ISBN: 9264438181

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This annual publication provides details of taxes paid on wages in OECD countries. It covers personal income taxes and social security contributions paid by employees, social security contributions and payroll taxes paid by employers, and cash benefits received by workers. Taxing Wages 2021 includes a special feature entitled: “Impact of COVID-19 on the Tax Wedge in OECD Countries”.

Asian Development Outlook 2014

Asian Development Outlook 2014
Author: Asian Development Bank
Publisher: Asian Development Bank
Total Pages: 770
Release: 2014-04-01
Genre: Business & Economics
ISBN: 9292544535

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The Asian Development Outlook 2014 projects that developing Asia's growth will increase from 6.1% in 2013 to 6.2% in 2014 and 6.4% in 2015. Moderating growth in the People's Republic of China as its economy adjusts to more balanced growth will offset to some extent the stronger demand expected from the industrial countries as their economies recover. Risks to the outlook have eased and are manageable. The monetary policy shift in the United States may invite some volatility ahead in financial markets, albeit mitigated by accommodative monetary policy in Japan and the euro area. The regional growth outlook depends on continued recovery in the major industrial economies and on the People's Republic of China managing to contain internal credit growth smoothly. Widening income gaps in developing Asia strengthens the case for greater use of fiscal policy to foster equality of opportunity. While the region has benefited from fiscal prudence in the past, demographic and environmental challenges are expected to compete for public resources in the coming years. To boost public spending on equity-enhancing programs such as education and health without undermining fiscal sustainability, the authorities will need to explore a wide range of options for mobilizing revenue and to build equity objectives into their fiscal plans.

Tax Policies for Inclusive Growth in a Changing World

Tax Policies for Inclusive Growth in a Changing World
Author: P. O'Reilly
Publisher:
Total Pages: 47
Release: 2018
Genre:
ISBN:

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This paper considers the challenges and opportunities confronting policy makers in a rapidly changing world as a result of globalisation, technological change and the changing world of work. The paper focusses on: - The impact of the tax system on the market distribution of income, by supporting employment, skills investments, and labour market formality; - How shifting tax mixes towards growth-friendly taxes can be combined with measures to improve progressivity, particularly through base-broadening and through removing inefficient and regressive tax expenditures; - Ways in which personal income taxes and social transfers can foster inclusive growth by raising the efficiency and equity of labour and capital income tax systems; - How tax policy can foster business dynamism and productivity, including through support for investment and innovation, and can raise efficiency by continuing to combat BEPS; - How tax capacity can be raised, and how tax administration can be strengthened, including through international co-operation. The paper provides tax policy advice and recommendations to support governments in their pursuit of tax and transfer policies conducive to inclusive growth, while supporting innovation and increased productivity growth; preserving the revenue-raising capacity of the tax system; and ensuring the sustainability of public spending.

Tax Design for Inclusive Economic Growth

Tax Design for Inclusive Economic Growth
Author:
Publisher:
Total Pages: 67
Release: 2016
Genre: Economics
ISBN:

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This paper examines how the design features of countries' tax systems can be strengthened to support inclusive economic growth. In the context of the OECD's New Approaches to Economic Challenges (NAEC) initiative, this paper seeks to re-assess the policy recommendations stemming from the 2008 Tax and Economic Growth report, which focused on the impact of taxes on economic growth from an efficiency perspective, to more explicitly take account of equity considerations. Drawing on recent developments in the academic literature and in countries' tax policies, the paper examines how the basic design aspects of each tax can be improved to better achieve inclusive growth. It also looks at how the interactions of taxes with other factors - both within and beyond tax systems - affect their efficiency and equity outcomes. The paper more generally emphasises the need to look at tax and benefit systems as a whole to fully assess the efficiency and equity implications of tax policies. The inclusive design of domestic tax policies needs to go hand in hand with the implementation of international tax rules and mechanisms that prevent tax evasion and tax avoidance. It also requires measures that strengthen the functioning of the tax administration and incentivise agents to operate within the formal economy. The paper lays the groundwork for future empirical work to support tax design for inclusive growth.

Poverty, Inequality, and Inclusive Growth in Asia

Poverty, Inequality, and Inclusive Growth in Asia
Author: Juzhong Zhuang
Publisher: Anthem Press
Total Pages: 493
Release: 2010-05
Genre: Business & Economics
ISBN: 0857288067

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While Asia’s growth record in recent decades is remarkable, it has been marred by rising inequalities. This book looks at recent trends of income and non-income inequalities in developing Asian countries, discusses their underlying driving forces, and examines key policy issues that need to be addressed to ensure that the benefits of growth will be more equitably shared in Asia. The book also presents a set of country studies that provide rich information on growth, poverty and inequality dynamics and the policy challenges that arise in marching toward inclusive growth.

Fiscal Panorama of Latin America and the Caribbean 2019

Fiscal Panorama of Latin America and the Caribbean 2019
Author: United Nations
Publisher:
Total Pages: 120
Release: 2019-05-06
Genre: Political Science
ISBN: 9789211220179

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Fiscal Panorama of Latin America and the Caribbean, 2019 examines the role of tax policy as a tool for driving progress towards achievement of the Sustainable Development Goals. One way to strengthen collection is to address the challenges of taxing the rapidly growing digital economy. Tax policy can also be used to shift production and consumption patterns to encourage decarbonization of the economy and support improvements in public health. Lastly, the document analyses the constraints on domestic resource mobilization caused by fiscal incentives and how, effectively geared towards investment, these incentives could instead foster sustainable and inclusive development.