the inflation tax. Accordingly, continued effort is likely to be needed to attain a fiscal position that is sustainable …

This paper discusses important tax policy issues facing developing countries today. It views tax policy from both the … macroeconomic perspective, which focuses on broad questions such as the level and composition of tax revenue, and the microeconomic … perspective, which focuses on certain design aspects of selected major taxes, such as the personal income tax, the corporate …

optimal second-best pollution tax is shown to lie below the first-best Pigovian tax, particularly if substitution between …

This paper investigates if there are circumstances where time-varying tax rates could improve welfare and whether such …, the paper highlights the very particular circumstances that need to prevail. With liquidity constraints, a consumption-tax … break is in a better footing to boost consumption and welfare than an income-tax break. A hike in consumption taxes can also …

The paper discusses options available to tax mineral extraction projects particularly in developing countries. A … desirable government share of the economic rent generated from mineral extraction can be achieved through different tax and non-tax …