Risks to macroeconomic stability posed by excessive private leverage are significantly amplified by tax distortions …. 'Debt bias' (tax provisions favoring finance by debt rather than equity) has increased leverage in both the household and … corporate equity has generally proved effective. The paper concludes that debt bias should feature prominently in countries' tax …

This paper strengthens the claim made by Vito Tanzi that when the effect of a high inflation on the tax system is taken … neat measures taken in Israel in an attempt to construct an inflation-proof tax system. Despite these very elegant measures …” rather than the “inflation tax.” …

The Technical Assistance Report on the Philippines’ road map for a pro-growth and equitable tax system is examined. Tax … revenue has declined over the last decade in the Philippines owing to generous and expanding tax incentives, tariff rate … reduction, deteriorating tax compliance caused by ineffective and inefficient revenue administration, and a gradual erosion of …

This paper reviews recent experience of technical assistance on tax policy provided by the Fiscal Affairs Department to …

the medium term. Enforcing the tax agreement with, a Gold Ridge company, and implementing the new resource taxation regime …

This paper presents the Tax Summary for the Solomon Islands. The paper discusses that normal business expenses are …

The Icelandic government has launched a review of the tax system, with a view to improving its income redistribution … detrimental effects on employment and growth, and at removing inconsistencies with international practices. The tax measures will …. The Icelandic Corporate Index Tax would benefit from adopting financial accounting as the basis to determine taxable …