Natural resource fiscal regimes often present special legal administration problems. Converting natural resource wealth into sustained economic development requires: - Good management to ensure efficient and effective exploitation; - Good tax design to ensure appropriate government revenue and adequate incentives...
The value added tax help to deal with the major economic issues plaguing the economy. The money raised from a value added tax could be used to help lower the massive around 9-billion-dollar national debt of Albania. The value added...
The biggest impact on the economy still remains to come from the contraction of informality, which is the main customer of the formal economy. However, informality can be considered a certainty for the government, as much as can be a...
When the economy is at full employment (meaning practically all labor and capital resources are in use), government budget deficits crowd out private investment spending in the standard macroeconomic model. Setting aside foreign capital flows for the moment, borrowing can only be financed...
The creation of special large taxpayer offices responsible for the administration of the more than 800 major taxpayers has shown the focus of tax administration reform on maximizing revenue collection. By contrast, attention given to small businesses in practice is very limited,...
Nor are flat taxes synonymous with low taxes. Certainly, most countries have cut their tax rates as they have flattened them. In 1994, Ukraine's top rate reached the stratospheric level of 90%, before descending, in stages, to its current single...
The EU created several administrative tools to adapt the SGP as a result of the financial crisis, including the two-pack and the six-pack. The six-pack system, a bundle of six pieces of EU legislation, began in December 2011. Four of the...
The analysis of tax reform can be broken up conceptually into two distinct parts: how the tax changes affect individual or firm choices regarding the level of work, saving, and investment, and; how the changes affect the allocation of such activity across...
Taxes have always been politicized. In modern times, no election passes without each campaign's position on taxes being thoroughly scrutinized. And with economic inequality now at the heart of so much political debate, taxes have become an even more polarizing...
The worldwide economies are facing some of the highest ratios of public debt in decades. For those countries that are not at imminent risk of losing market access, current policy debates center on the appropriate pace at which to pay down...
