This paper provides a largely nontechnical survey of concepts and issues related to the reform of the personal income tax, covering both base and rate aspects of the tax, as well as fundamental reform options. It also covers recent developments in selected OECD countries.

Development of the European integration through the European Union (EU) considers not only strengthening integration from the economic aspect (internal market). It also considers the political aspect of the integration i.e. strengthening political integration of member states and their citizens....

This paper describes the institutional changes that have induced a decline in the vertical fiscal imbalance (VFI) - defined as the share of sub-national own spending not financed through own revenues - in four European countries: Belgium, Italy, Norway, and Spain. The decline in VFI was achieved...

This paper deals with subnation budgets of the Russian Federation. The authors analyze financial support to the regions from the federal budget.

This paper deals with the issue of intergovernmental fiscal relations and subnational finances in Russia. The authors focus on the issue of subnational budgets in 2011, financial support from the federal budget. The point out to how the federal authorities stimulate the constitutent territories...

The topicality of the research is determined by the solution of the tasks of the research Institute of fiscal federalism, important for modern economic science, and for the development of scientific and methodological foundations of the state's budget policy, including in crisis conditions. In...

The state policy, directed on provision of stable economic growth, increase of its quality, assumes search for and use of sources and instruments of intensification and diversification of economy. Budget fiscal policy relates to one of such instruments, which allow to provide for balance between...

This Article IV Consultation reports that Switzerland’s exchange rate floor, seen as credible by the markets, has halted appreciation and helped shore up the economy. Once growth recovers and inflation reaches more comfortable levels, maintaining the exchange rate commitment risks stoking...

This Joint Staff Advisory Note (JSAN) of the Poverty Reduction Strategy Paper (PARPA) for the Republic of Mozambique highlights the poverty situation and macroeconomic and fiscal frameworks. The strategy to consolidate macroeconomic stability and accelerate the second wave of reforms in PARPA II...

This 2007 Article IV Consultation highlights that the economy of Bosnia and Herzegovina is enjoying its fourth consecutive year of stable growth underpinned by the currency board. Export growth of 29 percent on the back of productivity gains, export price increases, and improvements in reporting...