Brazil: Tax Expenditure Rationalization Within Broader Tax Reform - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Brazil: Tax Expenditure Rationalization Within Broader Tax Reform write by Maria Delgado Coelho. This book was released on 2021-09-24. Brazil: Tax Expenditure Rationalization Within Broader Tax Reform available in PDF, EPUB and Kindle. The excessive complexity and burden of the Brazilian tax system, riddled by cumulative indirect taxes and heavy payroll contributions, have led to an accumulation of fiscal incentives aimed at reducing its burden on taxpayers and productive activities. Federal and subnational tax expenditures currently stand at over 5 percent of GDP. Rationalizing them can only be comprehensively feasible in the context of a broader sequenced tax reform, and could reduce resource misallocation and income inequality, as well as provide new revenues.
Fiscal Policy and Long-Term Growth
Fiscal Policy and Long-Term Growth - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Fiscal Policy and Long-Term Growth write by International Monetary Fund. This book was released on 2015-04-20. Fiscal Policy and Long-Term Growth available in PDF, EPUB and Kindle. This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth and distills practical lessons for policymakers. The particular mix of policy measures, however, will depend on country-specific conditions, capacities, and preferences. The paper draws on the Fund’s extensive technical assistance on fiscal reforms as well as several analytical studies, including a novel approach for country studies, a statistical analysis of growth accelerations following fiscal reforms, and simulations of an endogenous growth model.
Brazil: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Brazil
Brazil: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Brazil - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Brazil: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Brazil write by International Monetary. This book was released on 2021-09-22. Brazil: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Brazil available in PDF, EPUB and Kindle. Economic performance has been much better than expected, in part due to the authorities’ forceful policy response. Nevertheless, Brazil’s long-standing challenges of low growth, high debt, and elevated levels of poverty and inequality have been exacerbated by the pandemic. Tragically, more than 550,000 Brazilians have died from COVID-19.
Brazil
Brazil - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Brazil write by International Monetary Fund. Western Hemisphere Dept.. This book was released on 2024-07-11. Brazil available in PDF, EPUB and Kindle. Brazil’s economy has shown remarkable resilience amid the ongoing disinflation. Economic activity has grown steadily, surpassing expectations, reflecting favorable demand and supply factors. With proactive and adequately restrictive monetary policy, headline inflation has declined to the target tolerance interval. Longstanding challenges remain, including elevated public debt and slow convergence to higher living standards. The authorities have advanced their ambitious sustainable and inclusive growth agenda, including the approval of a landmark VAT reform.
Tax Expenditure Reporting and Its Use in Fiscal Management
Tax Expenditure Reporting and Its Use in Fiscal Management - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Tax Expenditure Reporting and Its Use in Fiscal Management write by International Monetary Fund. Fiscal Affairs Dept.. This book was released on 2019-03-27. Tax Expenditure Reporting and Its Use in Fiscal Management available in PDF, EPUB and Kindle. This note aims to inform governments on how to account for tax expenditures and use that information in fiscal management. The emphasis is on developing and emerging market economies, where the use of such accounts is in its infancy because of data constraints, insufficient human and financial resources, and weak fiscal institutions. Most developing economies, more-over, do not have tax policy units in their Ministry of Finance to provide analytical support to the govern¬ment and legislature that integrates all revenue policy aspects. As a result, the tax policy framework can be fragmented: line ministries compete in the provision of sectoral tax incentives, but do not report on their cost. The note is organized as follows. The second section outlines the role that tax expenditure measurement and reporting can play in fiscal management. The third section provides a step-by-step approach on how tax expenditure accounts can be built, with emphasis on data, methods and models, and institutional requirements. The section is concerned primarily with the direct cost of tax expenditures—that is, the revenue forgone because of them. It does not deal with their indirect costs, which could include economic efficiency losses and additional tax administration resources, and it does not address assessment of the benefits of tax expenditures. The fourth summarizes the current sta¬tus of tax expenditure reporting in developing econo¬mies, with some reference to advanced economies. The last section concludes.
