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    Tax Expenditure Estimation Tool Kit
    Tax Expenditure Estimation Tool Kit
    Tax Expenditure Estimation Tool Kit
    Ebook119 pages1 hour

    Tax Expenditure Estimation Tool Kit

    By Asian Development Bank

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    About this ebook

    This publication is designed to help tax analysts estimate revenue losses from tax expenditures and tax incentives. It presents the methodologies commonly used to estimate revenues forgone using varying sources of data. It discusses tax expenditure definitions, issues related to benchmarking and building an inventory of tax expenditures, and estimation methodologies using stylized models to show how to calculate revenues forgone when a tax concession is granted. The publication also provides an account of standard methodologies to calculate revenue foregone from different types of concessions in personal, corporate, and value-added tax using hypothetical calculations, discusses data sources, and assesses statistical issues around tax expenditure modeling.
    LanguageEnglish
    PublisherAsian Development Bank
    Release dateDec 1, 2023
    ISBN9789292705527
    Tax Expenditure Estimation Tool Kit

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      Book preview

      Tax Expenditure Estimation Tool Kit - Asian Development Bank

      TAX EXPENDITURE ESTIMATION TOOL KIT

      DECEMBER 2023

      Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO)

      © 2023 Asian Development Bank

      6 ADB Avenue, Mandaluyong City, 1550 Metro Manila, Philippines

      Tel +63 2 8632 4444; Fax +63 2 8636 2444

      www.adb.org

      Some rights reserved. Published in 2023.

      ISBN 978-92-9270-551-0 (print), 978-92-9270-552-7 (electronic), 978-92-9270-553-4 (ebook)

      Publication Stock No. TIM230601

      DOI: http://dx.doi.org/10.22617/TIM230601

      The views expressed in this publication are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent.

      ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. The mention of specific companies or products of manufacturers does not imply that they are endorsed or recommended by ADB in preference to others of a similar nature that are not mentioned.

      By making any designation of or reference to a particular territory or geographic area, or by using the term country in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area.

      This publication is available under the Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO) https://creativecommons.org/licenses/by/3.0/igo/. By using the content of this publication, you agree to be bound by the terms of this license. For attribution, translations, adaptations, and permissions, please read the provisions and terms of use at https://www.adb.org/terms-use#openaccess.

      This CC license does not apply to non-ADB copyright materials in this publication. If the material is attributed to another source, please contact the copyright owner or publisher of that source for permission to reproduce it. ADB cannot be held liable for any claims that arise as a result of your use of the material.

      Please contact [email protected] if you have questions or comments with respect to content, or if you wish to obtain copyright permission for your intended use that does not fall within these terms, or for permission to use the ADB logo.

      Corrigenda to ADB publications may be found at http://www.adb.org/publications/corrigenda.

      Note:

      In this publication, $ refers to United States dollars.

      Cover design by Cleone Baradas.

      CONTENTS

      TABLES AND FIGURES

      ACKNOWLEDGMENTS

      This report was led and reviewed by Sandeep Bhattacharya, senior public management specialist (tax), Asian Development Bank (ADB), and written by Selcuk Caner, tax research expert, former International Monetary Fund senior economist and ADB consultant. We wish to thank Bruno Carrasco, director general, Climate Change and Sustainable Development Department, ADB; and Hiranya Mukhopadhyay, director, Public Sector Management and Governance Sector Office (Central and West Asia and Knowledge Solutions) Sectors Group, ADB, for providing strategic guidance and comments in the development of this document. We are grateful to Janet Stotsky, tax policy expert and former International Monetary Fund staff as well as ADB consultant, for peer reviewing the document and providing invaluable comments. We thank Yolanda Lommen, advisor, Climate Change and Sustainable Development Department, ADB, for her detailed review of the draft and valuable editorial suggestions.

      ABBREVIATIONS

      EXECUTIVE SUMMARY

      This study reviews commonly used estimation methodologies to estimate revenues forgone resulting from

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