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Case for Earmarked Taxes Theory and Example

The earmarking (or setting aside) of revenues from various taxes for specific types of expenditure is a much maligned fiscal practice. The paper examines a number of theoretical arguments and institutional circumstances under which earmarking (even widespread earmarking) may be welfare enhancing. Th...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1988
Series:IMF Working Papers
Subjects:
Wealth
Tax Expenditure Policy
Budget Systems
Public Finance & Taxation
Saving
Budget Planning And Preparation
Budgeting
National Accounts
National Government Expenditures And Related Policies: General
Expenditure
Consumption; Economics
Taxation, Subsidies, And Revenue: General
Tax Policy
Expenditures, Public
Budget
Consumption
Macroeconomics
Tax Administration And Procedure
Public Financial Management (pfm)
Macroeconomics: Consumption
Budgeting & Financial Management
National Budget
Extra-budgetary Funds
Taxation
Public Finance
Taxation & Duties Law
Colombia
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:The earmarking (or setting aside) of revenues from various taxes for specific types of expenditure is a much maligned fiscal practice. The paper examines a number of theoretical arguments and institutional circumstances under which earmarking (even widespread earmarking) may be welfare enhancing. The paper also questions the criticism that earmarking seriously erodes budgetary efficiency, and draws on the experience of Colombia to demonstrate that the worst fears of critics do not necessarily come to pass
Physical Description:44 pages
ISBN:9781451922677

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