Tax Expenditure Management

Tax Expenditure Management

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A tax expenditure is a 'tax break' allowed to a taxpayer or group of taxpayers, for example, by way of concession, deduction, deferral or exemption. The tax expenditure concept, as it was first identified, was designed to demonstrate the similarity between direct government spending on the one hand and spending through the tax system on the other. The identification of benefits provided through the tax system as tax expenditures allows analysts to consider the fiscal significance of those parts of the tax system which do not contribute to the primary purpose of raising revenue. Although a seemingly simple concept, it has generated a range of complex definitional and practical issues, and this book identifies and critically assesses the controversial aspects of tax expenditure and tax expenditure management.This is augmented by calls for greater transparency of fiscal policy from key drivers within the international community in general, and specific interested individuals and groups in particular. ... Slovakia, South Africa, Spain, Sweden, Trinidad aamp; Tobago, Turkey, Uganda, United Kingdom, United States, Zambia. 5 Lienert, Manual on the Role ofthe Legislature in the 66 REPORTING ON TAX EXPENDITURES.

Title:Tax Expenditure Management
Author:Mark Burton, Kerrie Sadiq
Publisher:Cambridge University Press - 2013-02-14


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