Banking, Finance and Taxation

Tax Amnesties: Theory, Trends, and Some Alternatives

 

Title: Tax Amnesties: Theory, Trends, and Some Alternatives
Series:
IMF Special Issues
Author(s):
Eric Le Borgne, and Katherine Baer
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
2014 July 2008
DOI:
http://dx.doi.org/10.5089/9781589067363.058
ISBN:
9781589067363 
Tax amnesties remain as popular as ever as a tool for raising revenue and increasing tax compliance. International experience, however, shows that the costs of tax amnesty programs often exceed the programs' benefits. This paper weighs the advantages and disadvantages of tax amnesties, drawing on results from the theoretical literature, econometric evidence, and selected country and U.S. state case studies. The authors conclude that 'successful' tax amnesties are the exception rather than the norm. Improvements in tax administration are the essential ingredient in addressing the main problems that tax amnesties seek to address. Indeed, the most successful amnesty programs rely on improving the tax administration's enforcement capacity. ?Given the potential drawbacks of tax amnesties, a few alternative measures are discussed.

 

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Current Developments in Monetary and Financial Law

 

Title:
Current Developments in Monetary and Financial Law
Series:
Seminar Volumes
Author(s):
International Monetary Fund. Legal Dept.
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
February 2013
DOI:
http://dx.doi.org/10.5089/9781616350819.072
ISBN:
9781616350819 
'Restoring Financial Stability-The Legal Response' is the theme of the sixth volume of 'Current Developments in Monetary and Financial Law.' The book covers a range of issues: frameworks and regulatory reforms in the United States, European Union, and Japan that address systemic risk; the international dimension of financial stability; the regulation of complex financial products; cross-border banking supervision; capital adequacy; and corporate and household debt restructuring. The chapters are based on presentations from a seminar hosted by the IMF Legal Department, the Ministry of Finance of Japan, the Financial Services Agency of Japan, and the Bank of Japan, with the assistance of the IMF Institute. The contributors to the volume come from both the public and private sectors, and include academics, lawyers practicing in the fields of banking and financial law, and officials from central banks, supervisory and regulatory agencies, and standard-setting bodies.

 

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Challenges for Central Banking

 

Title:
Challenges for Central Banking

Series:
Books
Author(s):
Luis I. Jacome H., Yan Carriere-Swallow, Hamid Faruqee, and Krishna Srinivasan
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
October 2016
DOI:
http://dx.doi.org/10.5089/9781513591766.071
ISBN:
9781513591766 
In the wake of the 2008-09 global financial crisis, central banking and monetary policy in many corners of the world came under intense pressure and entered unchartered waters. The breadth and scale of central bank operations have been modified or expanded in unprecedented and even unimaginable ways given the circumstances. Additionally, a fundamental rethinking of central banking and its policy frameworks has been taking place. This volume reflects a multilateral effort to help close the gap in our knowledge in meeting the critical challenges presented by these significant changes, in particular, those confronting central banks in Latin America. The volume's first section provides a panoramic overview of the policy progress made to date and the challenges that lie ahead. The related issue of spillovers and monetary independence is taken up more fully in the next section. The final section presents chapters that reexamine macroprudential and monetary policies and policy frameworks from the perspective of central bank staff members from the region.

 

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