Reforming Tax Expenditures in Italy: What, Why, and How?

Reforming Tax Expenditures in Italy: What, Why, and How?
ISBN-10
1484372212
ISBN-13
9781484372210
Category
Business & Economics
Pages
16
Language
English
Published
2014-01-16
Publisher
International Monetary Fund
Author
Justin Tyson

Description

The IMF has advised country authorities to roll back tax expenditures as a way to support fiscal consolidation efforts—urging them to evaluate tax expenditures according to clear criteria, and assessing their impact on public finances, economic efficiency, equity, and administrative and compliance costs. This paper analyzes tax expenditures in Italy, considering the extent to which tax expenditures can be considered part of an optimal tax system and possible reforms.

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