A Basic Framework for Evaluating Value Added Tax Expenditures
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Date
2014-09-08
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Description
The label tax expenditure provides a strong indication as to what the term is intended to apply to any use of the tax system designed to provide a financial benefit. As such, a tax expenditure can be rather generally considered to be any special provision in the tax system which allows for a reduction in the amount of tax which would otherwise be due. The key term in that definition is special provision; any reduction resulting from a normal provision would, then, not be considered a tax expenditure. The starting place for any evaluation of tax expenditures is to then determine which the normal provisions are and which the special provisions are for the tax system.
Keywords
Setor Financeiro, Financial Sector, Sector financiero, Política Fiscal, Fiscal Policy, Política fiscal, Tax Expenditures