Tax Reforms toward Fiscal Consolidation

Policy Options for the Government of the Philippines

Nonfiction, Reference & Language, Law, Taxation, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book Tax Reforms toward Fiscal Consolidation by Norio Usui, Asian Development Bank
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Norio Usui ISBN: 9789290924098
Publisher: Asian Development Bank Publication: September 1, 2011
Imprint: Asian Development Bank Language: English
Author: Norio Usui
ISBN: 9789290924098
Publisher: Asian Development Bank
Publication: September 1, 2011
Imprint: Asian Development Bank
Language: English

This policy note assesses tax administration measures and tax rate adjustments, two options for the Philippines' fiscal consolidation in terms of their efficiency for revenue mobilization and impacts on tax equity. Its key findings are: 1) a policy mix of a higher value-added tax and a lower corporate income tax will make the overall tax system more regressive, even if its impact on tax revenue is neutral; 2) the country's tax productivity is much lower than those of its peers in the region, which signals the presence of significant tax loopholes and weak tax administration; and, 3) there is ample room to increase excise taxes on tobacco, alcoholic products, and gasoline, without ruining the equity of the tax system. These suggest that tax administration remains a key focus of efforts for the new administration.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This policy note assesses tax administration measures and tax rate adjustments, two options for the Philippines' fiscal consolidation in terms of their efficiency for revenue mobilization and impacts on tax equity. Its key findings are: 1) a policy mix of a higher value-added tax and a lower corporate income tax will make the overall tax system more regressive, even if its impact on tax revenue is neutral; 2) the country's tax productivity is much lower than those of its peers in the region, which signals the presence of significant tax loopholes and weak tax administration; and, 3) there is ample room to increase excise taxes on tobacco, alcoholic products, and gasoline, without ruining the equity of the tax system. These suggest that tax administration remains a key focus of efforts for the new administration.

More books from Asian Development Bank

Cover of the book Bangladesh by Norio Usui
Cover of the book Asia’s Fiscal Challenge by Norio Usui
Cover of the book Improving Health and Education Service Delivery in India through Public–Private Partnerships by Norio Usui
Cover of the book Quantifying Water and Energy Linkages in Irrigation by Norio Usui
Cover of the book Loan Disbursement Handbook by Norio Usui
Cover of the book Key Indicators for Asia and the Pacific 2017 by Norio Usui
Cover of the book Inclusive Green Growth Index by Norio Usui
Cover of the book Promoting Beneficial Sewage Sludge Utilization in the People's Republic of China by Norio Usui
Cover of the book Greater Mekong Subregion by Norio Usui
Cover of the book Urban Development in the Greater Mekong Subregion by Norio Usui
Cover of the book Water Utility Asset Management by Norio Usui
Cover of the book Economics of Climate Change Mitigation in Central and West Asia by Norio Usui
Cover of the book Asian Development Outlook 2012 by Norio Usui
Cover of the book Emerging Lessons on Women's Entrepreneurship in Asia and the Pacific by Norio Usui
Cover of the book Status and Potential for the Development of Biofuels and Rural Renewable Energy by Norio Usui
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy