The State of Tax Policy in the Central Asian and Transcaucasian Newly Independent States (NIS)

July 1, 1993

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Julio Escolano, and Parthasarathi Shome. The State of Tax Policy in the Central Asian and Transcaucasian Newly Independent States (NIS), (USA: International Monetary Fund, 1993) accessed December 22, 2024

Summary

Two possible tax policy strategies for the NIS are: (1) an optimal nondistortionary tax structure as a one-shot action; and (2) a structure with identifiable and clearly understood distortionary elements as a temporary phenomenon to close the fiscal gap. An assessment of NIS tax structures reveals that they conform to neither. They are rapidly acquiring complex features comprising multiple rates, exemptions, and other difficult-to administer properties, with uncertain ramifications for efficiency, equity, and the fiscal deficit. Steady--and perhaps prolonged--effort needs to be made if simple, broad-based, and revenue-productive tax structures are to be achieved. This is a Paper on Policy Analysis and Assessment and the author(s) would welcome any comments on the present text. Citations should refer to a Paper on Policy Analysis and Assessment of the International Monetary Fund, mentioning the author(s) and the date of issuance. The views expressed are those of the author(s) and do not necessarily represent those of the Fund.

Subject: Income, Income tax systems, National accounts, Personal income, Personal income tax, Taxes, Value-added tax

Keywords: Central Asia, Enterprise profits, Firm, Global, Income, Income tax systems, Market economy, PDP, Personal income, Personal income tax, Profit, Profits tax, Profits taxation, Value-added tax, VAT administration, VAT base, VAT structure, VAT system

Publication Details

Pages:

23
Volume:

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DOI:

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Issue:

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Series:

Policy Discussion Paper No. 1993/008
Stock No:

PPIEA0081993
ISBN:

9781451970678
ISSN:

1564-5193

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