Two years have passed since CEP and IDOS published the first report based on our joint Global Tax Expenditures Database – the GTED. This Flagship Report shows once again that assessing the effectiveness of TEs, incorporating TEs into broader fiscal policy frameworks, and promoting political debates on TE reform critically depend on the quality of TE reporting. DOWNLOAD ..read more

This report gives an overview of the progress made in Tax Expenditure reporting since the release of the GTED. It covers improvements, and setbacks, in the quality of the information provided in the latest reports. It also offers detailed insights on Tax Expenditures from newly reporting countries, and provides information on non-reporting countries. The report also provides an outlook of the upcoming projects that the GTED team will be tackling in the months and years to come. DOWNLOAD ..read more

This report presents insights from the newly released Global Tax Expenditures Database (GTED). Tax expenditures (TEs) are benefits granted to specific sectors, activities or groups through preferential tax treatments such as exemptions, deductions, credits, deferrals and lower tax rates. Governments use them, for example, to promote economic growth and attract investment, pursue social welfare objectives, and incentivise specific patterns of behaviour such as energy consumption from renewable sources. The GTED is the first database that documents TE reporting by governments worldwide, using a ..read more

Tax expenditures (TEs) are tax benefits that lower government revenue and the tax liability of the beneficiary. Governments worldwide use TEs to pursue different policy goals such as attracting investment, boosting innovation and fighting poverty. At the same time, TEs are costly (the global average over the 1990-2020 period is 3.8 per cent of GDP and 24.2 per cent of tax revenue) and often ineffective in reaching their stated goals. They can sometimes be highly distortive and trigger negative externalities such as exacerbating inequality. Yet, despite the fact that TEs have similar effects on ..read more

To build tax capacity, governments will need to take a holistic and institution-based approach. From the IMF blog: Countries Can Tap Tax Potential to Finance Development Goals appeared first on GTED ..read more

Following last year’s discussions with regional and international partners, the upcoming ATI Follow-up Technical Meeting on Tax Expenditures (18-20 September, Accra, Ghana) will provide an opportunity to discuss the tools and methods required for tackling the more technical aspects of tax expenditure estimation, reporting, and evaluation, with a focus on the west-African region. The meeting is organized by the Addis Tax Initiative (ATI) jointly with the Council on Economic Policies (CEP) and the German Institute of Development and Sustainability (IDOS), in collabo ..read more

Recent surges in international fossil fuel prices reinforce the case for rapidly transitioning away from fossil fuels to reduce dependence on insecure sources of energy. IMF Fossil Fuel Subsidies Data: 2023 Update appeared first on GTED ..read more

Reforms are needed to increase transparency related to tax expenditures and enable a better prioritization of the use of public resources. Increasing Transparency on Tax Expenditures in Germany appeared first on GTED ..read more

In the UK there are 1,180 tax reliefs, but HMRC only publishes estimated cost data for 365, leaving 815 uncosted... “Our tax system is too complicated”: UK MPs call for a comprehensive and systematic review of existing tax reliefs appeared first on GTED ..read more

Most governments subsidize some fossil fuels, whether to increase domestic energy supply, support declining mining regions, or make fuels more affordable for industry, motor vehicles, or households. Challenges and Opportunities for the Reform of Fossil Fuel Tax Expenditures in Developing and Emerging Economies appeared first on GTED ..read more