Tax Expenditure Framework Legislation

A Reconsideration of Tax Expenditure Analysis

Tax Expenditure: A Study of components of the Selected Countries’ Tax Expenditures Reports

The existence of tax concessions (tax exemption, tax holiday, allowances …) provide the possibility of reducing tax liability via special tax provisions or regulations in tax laws  for some taxpayers, hence government loses  some tax revenues. Therefore, the forgone tax revenues resulting from some of the tax concessions for particular taxpayers, regions and sectors of an economy, are considere...

medium- term expenditure framework of government

financial management systems follow triple goals of financial stability and discipline, strategic allocation of resources and operational efficiency. these triple goals are known as triple framework. medium term expenditure framework (mtef) of government is a process taken in order to achieve the triple goals mentioned in many countries over the world during recent years. in this process, the g...

Vox Populi? Oregon Tax and Expenditure Limitation Initiatives

This article provides a brief history of tax and expenditure limitation initiatives in Oregon, along with a narrative of contemporary events. Largely as a consequence of the initiative’s increased role in the formulation of Oregon’s fiscal policy, state and local taxes paid by Oregon households declined from 7.4 percent of income in 1989 to 6.8 percent in 2003; state revenue, which is heavily d...

The Household Expenditure Response to a Consumption Tax Rate Increase

This study measures the effect of an increase in Japan’s Value Added Tax rate on the timing of household expenditures and consumption, which do not necessarily coincide. The analysis finds that durable and storable expenditures surged in the month prior to the tax rate increase, fell sharply upon implementation, but quickly returned to their previous long-run levels. Non-storable non-durable ex...