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Europe > Ireland

You are looking at 1 - 2 of 2 items for :

  • Type: Journal Issue x
  • Taxation, Subsidies, and Revenues: Other Sources of Revenue x
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Cover IMF How To Notes
How to Evaluate Tax Expenditures
Sebastian Beer
,
Ms. Dora Benedek
,
Brian Erard
, and
Jan Loeprick
Governments use tax expenditures (TEs) to provide financial support or benefits to taxpayers. The budgetary impact of TEs can be similar to that of direct outlays: after the support is provided, less money is available to fund other government priorities. Systematic evaluations are needed to guide informed decision-mak¬ing and to avoid a situation where the narrative on the benefits of TEs is primarily driven by profiting stakeholders. By TE “evaluation,” this note refers to a process that seeks to systematically inform policymak¬ers on the desirability of introducing or maintaining specific tax benefits by gathering and analyzing avail¬able quantitative and qualitative information on their effects. Evaluation processes can be tailored to different levels of data availability and analytical capacity. An evaluation should focus on the policy objective of a TE and whether it effectively and efficiently contrib¬utes to that policy objective. Although important lessons can be learned from coun¬try practices in implementing increasingly ambitious evaluation processes, there is no single best-practice approach to replicate.
Keywords:
tax expenditures; cost-benefit assessment; public policy evaluation; sample evaluation; publication order; publication service; title page; post evaluation; Tax incentives; Compliance costs; Value-added tax; Global; East Asia
Cover Fiscal Monitor, April 2011
Fiscal Monitor, April 2011
Shifting Gears - Tackling Challenges on the Road to Fiscal Adjustment
International Monetary Fund. Fiscal Affairs Dept.

Abstract

With increasing fiscal challenges in the aftermath of the global financial crisis, multilateral surveillance of fiscal developments, a key part of the IMF's surveillance responsibilities, has gained further importance. In response, the Fiscal Monitor was launched in 2009 to survey and analyze the latest public finance developments, update fiscal implications of the crisis and medium-term fiscal projections, and assess policies to put public finances on a sustainable footing. The Fiscal Monitor is prepared twice a year by the IMF's Fiscal Affairs Department. Its projections are based on the same database used for the IMF's World Economic Outlook (WEO) and Global Financial Stability Report (GFSR).

Keywords:
FM; tax expenditure; economy; deficit; debt; accounting stratagem; risk index; Policy implementation risk; deficit target; Fiscal risks; Fiscal consolidation; Tax expenditures; Europe; Middle East; Africa; Global; North Africa; advanced economy; interest rate shock; low-income economy; interest rate; IMF staff estimate; short-term debt; Fiscal stance; Caribbean