Collecting Taxes During an Economic Crisis: Challenges and Policy Options

July 14, 2009

Preview Citation

Format: Chicago

John D Brondolo. Collecting Taxes During an Economic Crisis: Challenges and Policy Options, (USA: International Monetary Fund, 2009) accessed December 23, 2024

Summary

The global financial and economic crisis presents major challenges for tax agencies. With the economic downturn, tax agencies are encountering emerging compliance problems and greater demands for taxpayer support in the face of prospective budget cuts. To help address these challenges, this paper encourages tax agencies to develop a tax compliance strategy for the crisis by (1) expanding assistance to taxpayers, (2) refocusing enforcement on emerging compliance risks, (3) enacting legislative reforms that facilitate tax administration, and (4) improving communication programs. In each of these areas, the paper identifies specific measures to underpin the strategy, drawing on practices from leading tax agencies and experiences from IMF technical assistance. The paper also highlights emerging tax compliance issues in the financial sector.

Subject: Economic growth, Economic recession, Financial crises, Revenue administration, Tax refunds, Tax return filing compliance

Keywords: Compliance strategy, Economic recession, Enforcement action, Global, Income tax, Rebate program, SPN, Stimulus initiative, Tax agency, Tax arrears, Tax implication, Tax information exchange agreement, Tax issue, Tax law, Tax professional, Tax rebate program, Tax refunds, Tax return, Tax return filing compliance

Publication Details

Pages:

39
Volume:

---
DOI:

---
Issue:

---
Series:

Staff Position Note No. 2009/017
Stock No:

SPNEA2009017
ISBN:

9781462339440
ISSN:

2617-6742

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Position Notes