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Tax Effort and Tax Potential in Timor-Leste : Assessing Post-Pandemic Fiscal Challenges and Priorities
Product Code:
9789292707378
ISBN13:
9789292707378
Condition:
New
$31.81
This report analyzes tax policy reforms needed in Timor-Leste to boost domestic revenue mobilization and help drive more inclusive and sustainable economic growth. Timor-Leste, one of Southeast Asia's poorest countries, relies heavily on petroleum income to finance its large public expenditure envelope. As a result, the country remains vulnerable to revenue fluctuations which in turn contribute to macroeconomic volatility. This report concludes that a more diversified approach to domestic resource mobilization will reduce such volatility and provide more stability in government finances. To achieve this, it proposes a modern value-added tax is introduced alongside other tax administration reforms, and that these need to be complemented by more efficient public expenditure.
| Author: Asian Development Bank |
| Publisher: NA |
| Publication Date: Aug 19, 2024 |
| Number of Pages: NA pages |
| Language: English |
| Binding: Paperback |
| ISBN-10: 929270737X |
| ISBN-13: 9789292707378 |
Tax Effort and Tax Potential in Timor-Leste : Assessing Post-Pandemic Fiscal Challenges and Priorities
$31.81
This report analyzes tax policy reforms needed in Timor-Leste to boost domestic revenue mobilization and help drive more inclusive and sustainable economic growth. Timor-Leste, one of Southeast Asia's poorest countries, relies heavily on petroleum income to finance its large public expenditure envelope. As a result, the country remains vulnerable to revenue fluctuations which in turn contribute to macroeconomic volatility. This report concludes that a more diversified approach to domestic resource mobilization will reduce such volatility and provide more stability in government finances. To achieve this, it proposes a modern value-added tax is introduced alongside other tax administration reforms, and that these need to be complemented by more efficient public expenditure.
| Author: Asian Development Bank |
| Publisher: NA |
| Publication Date: Aug 19, 2024 |
| Number of Pages: NA pages |
| Language: English |
| Binding: Paperback |
| ISBN-10: 929270737X |
| ISBN-13: 9789292707378 |
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