Coordination Fiscale Dans L'Union Économique Et Monétaire Ouest Africaine (Tax Coordination in the West African Economic and Monetary Union). - 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 Coordination Fiscale Dans L'Union Économique Et Monétaire Ouest Africaine (Tax Coordination in the West African Economic and Monetary Union). write by Mario Mansour. This book was released on 2013. Coordination Fiscale Dans L'Union Économique Et Monétaire Ouest Africaine (Tax Coordination in the West African Economic and Monetary Union). available in PDF, EPUB and Kindle. Tax coordination in the West African Economic and Monetary Union (WAEMU) is one of the most advanced in the world, de jure at least. Since the late 1990s, a number of indirect and direct tax directives have been produced, limiting member States in the conduct of their national tax policies. The objectives of this coordination are to: promote regional economic integration; support countries in their efforts to substitute domestic taxes for trade taxes, which are set to decline due to trade liberalization; and mobilize additional tax revenue. The primary goal of this paper is to review the current status of the WAEMU tax coordination framework. We examine in some detail the various directives and regulations (de jure coordination), and their application in member states (de facto coordination). This is followed by a brief analysis of the evolution of tax revenue structures. We conclude with some observations on the challenges of, and lessons learned from, tax coordination in the region.
Tax Coordination, Tax Competition, and Revenue Mobilization in the West African Economic and Monetary Union
Tax Coordination, Tax Competition, and Revenue Mobilization in the West African Economic and Monetary Union - 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 Coordination, Tax Competition, and Revenue Mobilization in the West African Economic and Monetary Union write by Mario Mansour. This book was released on 2013-07-09. Tax Coordination, Tax Competition, and Revenue Mobilization in the West African Economic and Monetary Union available in PDF, EPUB and Kindle. We review the current state of the West African Economic and Monetary Union’s tax coordination framework, against the main objectives of the WAEMU Treaty of 1994: reduce distortions to intra-community trade, and mobilize domestic tax revenue. The process of tax coordination in WAEMU is one of the most advanced in the world—de jure at least—, but remains in many areas ineffective de facto. Nevertheless, the framework has, to some extent, succeeded in converging tax systems, particularly statutory tax rates, and may have contributed to improving revenue mobilisation. Important lessons can be drawn from the WAEMU experience, particularly in terms of whether coordination should take the form of harmonization through a top-down approach, or a softer approach of sharing best practice and limiting certain types of tax competition.
Fiscal Policy Coordination in the WAEMU after the Devaluation
Fiscal Policy Coordination in the WAEMU after the Devaluation - 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 Coordination in the WAEMU after the Devaluation write by Christoph B. Rosenberg. This book was released on 2006. Fiscal Policy Coordination in the WAEMU after the Devaluation available in PDF, EPUB and Kindle. This paper examines the economic implications of fiscal policy coordination in the West African Economic and Monetary Union (WAEMU) in the light of the January 1994 devaluation of the CFA franc. Diverging tax, tariff, and budgetary politics are identified and it is argued that the resulting fiscal externalities have prevented the zone from reaping the full benefits of a monetary union. The paper shows that the devaluation makes it more desirable than ever to have a closer policy coordination to prevent such detrimental fiscal externalities. Recent efforts in this field are reviewed and evaluated. Finally, the paper offers some recommendations with respect to the optimal design of tax and tariff rate structures, and the choice of budgetary convergence criteria.
Revamping the West African Economic and Monetary Union (WAEMU) Fiscal Framework
Revamping the West African Economic and Monetary Union (WAEMU) Fiscal Framework - 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 Revamping the West African Economic and Monetary Union (WAEMU) Fiscal Framework write by Can Sever. This book was released on 2023-04-26. Revamping the West African Economic and Monetary Union (WAEMU) Fiscal Framework available in PDF, EPUB and Kindle. This paper aims to provide a broad perspective on the WAEMU fiscal framework. Based on backward looking exercises and forward looking scenarios, it shows that (i) repeated fiscal slippages and historically large stock flow adjustments contributed to the surge in the WAEMU public debt, and (ii) stock flow adjustments can have significant effects on the WAEMU debt dynamics going forward. This paper also discusses that it is essential and urgent to reintroduce the fiscal rules and the Convergence Pact and to enhance the rules. Revamping the fiscal rules should focus on introducing a correction mechanism (which could contain surges in debt in the future) and an escape clause (which would enhance fiscal discipline and predictability), as well as capturing the extensive extra-budgetary and below-the-line operations and strengthening the enforcement mechanism. Any consideration to changing the fiscal deficit target should also encompass addressing extra-budgetary and below-the-line transactions (for example by changing the definition of the deficit). It is not appropriate to increase the debt ceiling.
West African Economic and Monetary Union
West African Economic and Monetary Union - 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 West African Economic and Monetary Union write by International Monetary Fund. African Dept.. This book was released on 2023-02-28. West African Economic and Monetary Union available in PDF, EPUB and Kindle. The WAEMU’s post-Covid-19 recovery has so far withstood the new global and regional shocks, partly owing to supportive fiscal and monetary policies as well as relatively strong macroeconomic fundamentals over the previous decade. Growth prospects remain favorable, reserves—albeit declining—remain adequate, and the financial system appears to be resilient. However, the region faces important challenges associated with rising inflation, limited access to international capital markets, eroding external buffers, and regional security issues, in the presence of elevated global risks.
