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Inheritance tax is poor answer to raising revenues

Location:

INTERNATIONAL

Within the OECD, 16 countries levy no taxes on assets passed to linear heirs, while the average top rate is 14%

Latin America tax evasion will strain state funds

Location:

LATIN AMERICA

VAT evasion alone amounted to some 2.4% of Latin America’s GDP in 2015 -- roughly the region’s estimated growth for 2017

South-east Asian tax variances imply mixed outlook

Location:

SOUTH-EAST ASIA

As South-east Asia integrates, governments must factor tax regimes and competitiveness, and other structural reforms

Middle East and North Africa face rising tax issues

Location:

MIDDLE EAST/NORTH AFRICA

Personal income tax take by regional governments is very weak due in part to the size of the informal economy

Regressive tax bill may offset rising US minimum wages

Location:

UNITED STATES

Minimum wages rose in 22 states in 2017, adding impetus to rising wages for the lowest earners after years of stagnation

Policy is key to curbing the forces driving inequality

Location:

INT

The rich are getting richer globally but policies fostering redistribution, diversification and growth can check this

COVID-19 threatens long fiscal shadow for US states

Location:

UNITED STATES

Due to COVID-19 business lockdowns, states’ projected tax incomes have fallen

Inclusion and privacy policies may lag cashless growth

Location:

INTERNATIONAL

Cashless spending is surging, giving customers and traders more flexibility and reducing ‘organisational’ costs

Informality crimps Latin American options

Location:

LATIN AMERICA

The large informal sector reduces fiscal revenues and with them options to improve services and competitiveness

US spending cut push could come with political costs

Location:

UNITED STATES

President Donald Trump is moving to tackle the rising federal deficit, but this will not be risk-free