Description

Chapter 1 Long Summary / One Paragraph (100 words) Better tax design and implementation can strengthen growth while safeguarding the revenue governments need. Chapter 1 shows how tax reforms can reduce tax-induced distortions to support production, investment, innovation, and employment while preserving overall revenue. It quantifies sizable gains from restoring VAT neutrality, improving the tax treatment of investment costs, strengthening work incentives, and targeting innovation support more effectively. It also highlights how modern tax administration and clear legal frameworks can lower compliance costs, enhance firm productivity, and help ensure that well-designed reforms deliver in practice. 改进税收的设计和实施，可以在保障政府所需财政收入的同时�

More publications in this series: Fiscal Monitor