The Globalization of Tax Expenditure Reporting: Transplanting Transparency in India and the Global South

Tax Law and Development, Yariv Brauner and Miranda Stewart, eds., Edward Elgar Publishing, Forthcoming

Osgoode CLPE Research Paper No. 43/2012

16 Pages Posted: 3 Oct 2012 Last revised: 14 Dec 2012

Lisa Philipps

York University - Osgoode Hall Law School

Date Written: October 3, 2012

Abstract

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.

Keywords: tax expenditures, budgets, fiscal transparency, tax and development, India, comparative tax

JEL Classification: H20, H60, K34, O23

Suggested Citation

Philipps, Lisa, The Globalization of Tax Expenditure Reporting: Transplanting Transparency in India and the Global South (October 3, 2012). Tax Law and Development, Yariv Brauner and Miranda Stewart, eds., Edward Elgar Publishing, Forthcoming; Osgoode CLPE Research Paper No. 43/2012. Available at SSRN: https://ssrn.com/abstract=2156484

Lisa Philipps (Contact Author)

York University - Osgoode Hall Law School ( email )

4700 Keele Street
Toronto, Ontario M3J 1P3
Canada

HOME PAGE: http://www.osgoode.yorku.ca/faculty/Philipps_Lisa_C.html

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