Economic Survey of Greece 2009: Enhancing fiscal viability

The high public debt and a large pension burden heighten the urgency to improve the efficiency of the public sector to enhance fiscal viability and restore room for manoeuvre for stabilization policy.

Economic Survey of Mexico 2009: Overcoming the financial crisis and the macroeconomic downturn

Despite improved fundamentals, Mexico is hit hard by the financial crisis, being exposed to several simultaneous external shocks. A welcome, but weak, stimulus was passed for 2009, and policy will likely need to be supportive also in 2010.

Economic Survey of Mexico 2009: Managing the oil economy – can Mexico do it better?

Fiscal policy is highly dependent on volatile oil income. The balanced budget rule can create a bias for spending oil revenues as they are earned, especially as transfers to the stabilization funds are limited by caps at low levels. This can potentially lead to a pro-cyclical bias in fiscal policy. Revenues have also been lower than they could have, if gasoline prices had adjusted with international prices instead of a price smoothing

Economic Survey of Mexico 2009: Achieving higher performance: enhancing spending efficiency in health and education

Despite progress over the past two decades Mexico’s health and education indicators remain well below the average of the OECD and some of its Latin American emerging market peers.

Building transparent tax compliance by banks

This publication sets out the conclusions of the OECD study that examined the role of banks in the provision of aggressive tax planning arrangements. It examines the nature of banking, the complex structured financing transactions developed by banks and how they are then used by both banks and their clients. The report makes a number of recommendations for revenue bodies and identifies best practices for consideration by banks.

Related Documents

• Corporate Loss Utilisation through Aggressive Tax Planning
• Addressing Tax Risks Involving Bank Losses
• Study into the Role of Tax Intermediaries
• Engaging with High Net Worth Individuals on Tax Compliance

Economic Survey of Russia 2009: Ensuring growth-friendly fiscal policy in both the short and the long term

The immediate challenge is to gauge the optimal amount and form of stimulus and support for banks, while safeguarding fiscal sustainability. Looking further ahead, tax reform can help raise potential growth rates.

Economic Survey of Russia 2009: Stabilisation and renewed growth: Key challenges

After a decade of rapid growth, Russia has fallen into recession. The near term challenge is to limit the extent of the downturn, while beyond the crisis, a sounder growth model should be put in place.

Economic Survey of Brazil 2009: Reforming indirect taxes and labour levies

The complexities and fragmentation of Brazil’s tax system make it particularly onerous to enterprises, making it a priority for reform. The state-level VAT has often been used as an industrial policy instrument, resulting in predatory tax competition among the states. Remaining federal levies on enterprise turnover are detrimental to the competitiveness of Brazilian exports. The burden of payroll taxes and social security

Etude économique de la Belgique 2009 : Améliorer le fédéralisme budgétaire

Assurer la viabilité publique nécessite une réforme du système de fédéralisme budgétaire. Le système de transfert actuel n’équilibre pas les dépenses et les responsabilités fiscales, et l’organisation de la féderation n’encourage pas l’efficience des dépenses publiques.

Etude économique de la Belgique 2009 : Comment réformer le système fiscal afin de renforcer l'expansion économique

Le système fiscal est trop dépendant d’impôts qui faussent la croissance. Malgré les réformes, l’impôt sur le travail contribue encore aux trappes du marché du travail et les impôts sur les sociétés sont relativement élevés.