TaxProf Blog

Editor: Paul L. Caron, Dean
Pepperdine University School of Law

Monday, October 29, 2012

Phillips: The Globalization of Tax Expenditure Reporting

Lisa Philipps (York University, Osgoode Hall Law School), The Globalization of Tax Expenditure Reporting: Transplanting Transparency in India and the Global South, in Tax Law and Development (Miranda Stewart (Melbourne) & Yariv Brauner (Florida), eds., Edward Elgar Publishing Apr. 2013):

This paper traces the rise of tax expenditure reporting in countries of the Global South, with a particular focus on India. It investigates why and how policy makers in some low and middle income countries are now moving to adopt a budgeting practice that originated in wealthy Western nations in the 1970s. I discuss the potential advantages of this trend, but also argue that there is a need for its champions to face up to some challenges and potential disadvantages of transplanting this form of fiscal transparency into different national contexts. These include methodological and political challenges that are well known to Western observers but are seldom fully acknowledged in the literature advocating adoption of tax expenditure reporting by developing countries. In addition, the chapter questions whether generic prescriptions are sufficiently attuned to local political, economic and institutional circumstances that may diminish the value of OECD-style tax expenditure reporting to receiving countries.

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