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Mobilising Tax Revenue for Sustainable Development in Asia

Yuho Myoda (Economic Research and Regional Cooperation Department), Donghyun Park (Asian Development Bank), Yothin Jinjarak (Asian Development Bank), Shu Tian (Asian Development Bank), Gemma Estrada (Economic Research and Regional Cooperation Department), Robert Breunig (Crawford School of Public Policy), Sanjeev Gupta (Center for Global Development), Samuel Christopher Hill (Prospects Group), João Tovar Jalles (University of Lisbon)
This Policy Brief was first published in https://t20ind.org

Abstract

Achieving the Sustainable Development Goals (SDGs) for a greener and more inclusive future will require vast public spending. Revenue mobilisation remains essential to many G20 economies to satisfy fiscal needs and support progress. Although the approach may vary across countries, the options holding universal promise include better use of value-added tax (VAT), rationalised tax exemptions, and appropriate taxation of the fast-growing digital economy. Strengthening personal income and property taxes can also boost their low revenue yield and make taxes more progressive. Corrective taxes can be effective to curb harmful consumptions and raise revenue for mitigating measures. Additionally, strengthening tax administration can help, and taxpayer morale can be buttressed by improving the quality of public spending.

Authors

Yuho Myoda (Economic Research and Regional Cooperation Department), Donghyun Park (Asian Development Bank), Yothin Jinjarak (Asian Development Bank), Shu Tian (Asian Development Bank), Gemma Estrada (Economic Research and Regional Cooperation Department), Robert Breunig (Crawford School of Public Policy), Sanjeev Gupta (Center for Global Development), Samuel Christopher Hill (Prospects Group), João Tovar Jalles (University of Lisbon)

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