Domestic resource mobilization is critical for enhanced resilience and financing sustainable growth. Increasing numbers of developing and emerging-market countries face fiscal or debt sustainability pressures following successive shocks affecting public finances. Resilient responses typically involve local action and information generation with national and cross-border coordination and cofinancing.
Authors
- DOI
- http://dx.doi.org/10.22617/TCS240468-2
- Dimensions
- 8.5x11
- ISBN
- 978-92-9270-923-5(print) 978-92-9270-924-2(PDF) 978-92-9270-925-9(ebook)
- Pages
- 122
- Published in
- Philippines
- SKU
- TCS240468-2
- pages
- 120
Table of Contents
- Contents 5
- Tables, Figures, and Box 7
- Foreword 8
- Acknowledgments 10
- Abbreviations 11
- Executive Summary: Sustainable Tax and Multilevel Fiscal Reforms in the Digital Age 13
- Structure of the Study 15
- Key Takeaways 16
- I. Toward a Tax Reform Agenda for Sustainable Growth 21
- Numerical Targets for Tax-to-GDP Ratio and Debt 21
- Numerical Fiscal Rules as a Proxy for Sustainability 22
- Base Erosion and Profit Shifting Agenda, Special Economic Zones, and Digitalization 24
- Welfare-Improving Directions of Tax Reform 25
- Political Economy of Multilevel Reforms 27
- II. Approaches to Tax Administration Reform and Digital Transformation 29
- ‘Tax Administration is Tax Policy’ or Vice Versa? 29
- Digital Transformations of Tax Administration and Policy 33
- III. Political Economy of Tax Reforms—Learning from Developing Countries 36
- Why Compare the People’s Republic of China and Mexico? 36
- Why Do Firms Cheat? Evidence from Mexico 37
- People’s Republic of China—Building on Mexican Initiatives 42
- Computerization Is Necessary but Not Sufficient 45
- Next-Generation Tax Reforms—Policy, Administration, and Digital Transformation 46
- Enhancing Subnational Resilience: Critical Role for State, Provincial, or Local Own-Source Tax Handles 52
- Lessons for Asian Countries from the People's Republic of China– Mexico Juxtaposition 67
- IV. Digitization and Value-Added Tax Integration in Other Asian Countries 70
- Federal Countries in South Asia 70
- Unitary States in Asia 82
- Taxation and Digital Transformation for Resilience in Small Island States 87
- V. Toward a Digital and Sustainable Economy—The Role of Tax Policy and Administration 98
- Toward a New Tax Administration Paradigm with Digital Transformation and Local Autonomy 99
- Policy Issues for Consideration by ADB Members 105
- References 117
