(August 21, 2015)
The OECD has published OECD Economics Department Working Papers No. 1254 – Improving public sector efficiency for more inclusive growth inLatvia. The document was drafted by Caroline Klein and Robert Price and also contains remarks/suggestions for improvement of the Latvian tax system.
In the resumé of the Working Papers a.o. the following remarks are made: “Efficiency gains in the tax system could bring additional revenues. The tax base should be expanded by reducing informality, strengthening tax administration and increasing property and environmentally related taxes, which are low by international standards. To reduce unemployment and income inequality, the tax-benefit system should also be revised as it is now relatively regressive and the tax wedge on low-income earners is high.”
The Subjects discussed in the Working Papers include a.o.:
· Establishing a budget framework for long-run growth and stability
· Improving the efficiency of the tax system
o Reducing labour taxes
o Simplifying business taxation
o Expanding the scope of property and environmentally related taxes
o Improving tax compliance and the efficiency of tax collection
· Improving institutional and administrative efficiency at the central and local level
Click here to be forwarded to OECD Economics Department Working Papers No. 1254 as available on the website of the OECD, which will open in a new window.
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