In this article,we show that,in common with the 2008-2009 global financial crisis,tax administration is already playing and will continue to play an important role in securing a safe and expeditious exit from the COVI...In this article,we show that,in common with the 2008-2009 global financial crisis,tax administration is already playing and will continue to play an important role in securing a safe and expeditious exit from the COVID-19 crisis,and the lessons learned from globally are crucial for the Belt and Road Initiative(BRI)crisis response.We look at the types of measures being utilized both globally and by BRITACOM Members’governments,the added burden being placed on tax administrators as a result of the need to oversee new programs and change existing ones,and the potential longer-term effects on tax administration as the world learns to live in what may need to be a"new normal".We conclude that there is an opportunity to use this experience to"build better"as we look beyond the support phase and to the future of tax administration.展开更多
The role of taxation in promoting economic recovery has attracted great-er attention in recent years,with economic dislocation following the Global Financial Crisis and the COVID-19 pandemic.While taxation is only one...The role of taxation in promoting economic recovery has attracted great-er attention in recent years,with economic dislocation following the Global Financial Crisis and the COVID-19 pandemic.While taxation is only one of the factors impacting economic recovery,both economic literature and practical experience show that tax policy can contribute to enhanced growth and therefore greater economic activity.Tax instruments used as a means for promoting economic recovery include tax holidays,preferential tax rates,investment allowances,tax credits and special economic zones.However,there are a range of constraints over tax incentive design imposed by bodies such as the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting,the Forum on Harmful Tax Practices of the OECD and the Code of Conduct on Business Taxation of the European Union.Given the above,this paper sets out practical issues to inform governments seeking to promote economic activity through taxation.展开更多
文摘In this article,we show that,in common with the 2008-2009 global financial crisis,tax administration is already playing and will continue to play an important role in securing a safe and expeditious exit from the COVID-19 crisis,and the lessons learned from globally are crucial for the Belt and Road Initiative(BRI)crisis response.We look at the types of measures being utilized both globally and by BRITACOM Members’governments,the added burden being placed on tax administrators as a result of the need to oversee new programs and change existing ones,and the potential longer-term effects on tax administration as the world learns to live in what may need to be a"new normal".We conclude that there is an opportunity to use this experience to"build better"as we look beyond the support phase and to the future of tax administration.
文摘The role of taxation in promoting economic recovery has attracted great-er attention in recent years,with economic dislocation following the Global Financial Crisis and the COVID-19 pandemic.While taxation is only one of the factors impacting economic recovery,both economic literature and practical experience show that tax policy can contribute to enhanced growth and therefore greater economic activity.Tax instruments used as a means for promoting economic recovery include tax holidays,preferential tax rates,investment allowances,tax credits and special economic zones.However,there are a range of constraints over tax incentive design imposed by bodies such as the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting,the Forum on Harmful Tax Practices of the OECD and the Code of Conduct on Business Taxation of the European Union.Given the above,this paper sets out practical issues to inform governments seeking to promote economic activity through taxation.
