public-finance

News release Today marks a major milestone in the modernisation of the UK’s payments landscape, with the Retail Payments Infrastructure Board (RPIB) launching a consultation on the future design of the UK’s next-generation retail payments infrastructure. The new infrastructure will provide a secure foundation for innovation, greater choice and more seamless payments, while supporting existing…

Affordable, secure, and clean energy is a central goal for policymakers worldwide. Against this backdrop, the Council on Economic Policies convened a series of country roundtables in Paris, London, Washington, D.C., New Delhi, and Berlin, followed by a global convening in Zurich to explore policy packages – combining fiscal, regulatory and market design measures –…

Retail sales taxes are a major revenue source for most states, accounting for 32 percent of state taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. collections and 13 percent of local tax collections (24 percent…

Debates about taxation are often shaped less by evidence than by politically convenient narratives. Across many countries, claims that taxes are the primary cause of low wages, weak growth or economic stagnation frequently gain traction despite limited empirical support. For those concerned with tax justice, the issue is not whether taxes should ever be criticised,…

The U.S. crashed out of the World Cup round of 16 on Monday, losing 4-1 to a spirited Belgium side in a match that was marred by controversy before kick-off. Belgium took an early lead in the 9th minute via Charles De Ketelaere, but the joint hosts equalized half an hour into the game, with…

Tax expenditures – deductions, reduced rates and other preferential tax provisions – are a well-established instrument of fiscal policy. They serve a wide range of purposes: stimulating investment, supporting social objectives and accompanying structural change are just a few examples. In Switzerland, the last estimate for federal tax expenditures puts them at CHF 25 billion…

While SpaceX is due to join the Nasdaq-100 on Tuesday, it won’t become part of the S&P 500 for at least another year — likely furthering the volatility spread between those two indexes.

Minutes Item 1 – Welcome and Apologies James Kaye (Chair, HSBC) welcomed new Committee members: Ellie McCormack (FCA) replacing Oliver McCausland, and Hendrik van der Merwe (Northern Trust) replacing Nikki Woodley. Adam Jukes (Deutsche Bank) was welcomed as an observer. Apologies were noted from Claire Forster-Lee (Morgan Stanley), Fiona O’Riordan (Citi) and Jermain Nooks (Investment…

This report is part of a series of country reports on national tax expenditure regimes, published by the Council on Economic Policies (CEP) and the German Institute of Development and Sustainability (IDOS), covering topics such as transparency, the fiscal cost of tax expenditures, benchmarking, evaluations and the political economy of tax expenditure reforms. DOWNLOAD in…