This is applied to investors attempting to manage their tax expenditures
by increasing investment attraction of the country.
are, however, not the only route to elite capture.
And it is mulling drastic cuts in tax expenditures
by removing exemptions and excessive tax credits from incomes tax, sales tax and federal excise duty laws and moving to a single tax regime by getting rid of special procedures and reduced rate taxation.
In 2017-18, the magnitude of tax expenditures
was as high as 4.4pc of GDP, amounting to about Rs540 billion.
are one of the state's primary fiscal tools for allocating private funds to preferred areas.
In terms of IPAs, the DOF-DFG report showed that the Philippine Economic Zone Authority (PEZA) accounted for the biggest portion of total investment tax expenditures
amounting to P118.85 billion or 66.56 percent of the total in 2016.
The company reported profit before taxation at $184.5 million and tax expenditures
of $4.4 million.
Under the proposed budget, the major allocations are P1.185 billion for personal services; P562.9 billion for maintenance expenditures; P752.7 billion for capital outlay; P640.6 billion allotment to local government units (LGUs); support to government-owned and controlled corporations (GOCCs), P187.1 billion; tax expenditures
at P14.5 billion; and debt servicing, at P14.1 billion.
To assess the pros and cons of health subsidies, this article first presents an inconclusive debate on the theme and then goes on to discuss the magnitude of health-related tax expenditures
in Brazil and their evolution between 2003 and 2015, focusing on tax breaks for individual and employer-sponsored health insurance plans.
The consequence of tax expenditures
for the public authorities is the reduction of tax revenue, whereas for the taxpayers--the reduction of tax burdens (OECD, 2010, p.
The adjustment on the expenditure side should rely on more permanent and better targeted measures, such as parametric reform to the pension system, shifts to means-testing of social assistance programs and reductions in subsidies and tax expenditures
. Detailed spending reviews could also create fiscal space for infrastructure and human capital investment."