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to achieve convergence of policy outcomes to OECD upper standards is challenging. Efficiency gains in the tax system … could bring additional revenues. The tax base should be expanded by reducing informality, strengthening tax administration … unemployment and income inequality, the tax-benefit system should also be revised as it is now relatively regressive and the tax …
Persistent link: https://www.econbiz.de/10011399630
Europe is putting in place a new system of fiscal rules following the euro area sovereign debt crisis and decades of rising government to debt-to-GDP ratios. These include the so-called “six pack” to upgrade the Stability and Growth Pact to a new Treaty incorporating the “fiscal...
Persistent link: https://www.econbiz.de/10009690998
. Raising the effectiveness of tax collection, reforming the tax structure towards less distortive taxes and making more out of …
Persistent link: https://www.econbiz.de/10009711240
This paper assesses the OECD’s projections for GDP growth and inflation during the global financial crisis and recovery, focussing on lessons that can be learned. The projections repeatedly over-estimated growth, failing to anticipate the extent of the slowdown and later the weak pace of the...
Persistent link: https://www.econbiz.de/10010374419