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

Justin Tyson

No 2014/007, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: WP; tax expenditure; expenditure; tax; government; Tax expenditures; optimal taxation; efficiency; equity; budget process; substitute tax regime; expenditure program; labor tax wedge; draft tax reform law; tax design; tax norm; tax expenditure cost; single tax; differential VAT regime; Value-added tax; Tax allowances; Personal income tax; Corporate income tax (search for similar items in EconPapers)
Pages: 16
Date: 2014-01-16
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Citations: View citations in EconPapers (22)

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