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COVID-19 and Taxation: Between the Devil and the Deep Blue Sea

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dc.contributor.authorJunquera-Varela, Raúl Félix
dc.contributor.authorAlvarez Estrada, Daniel
dc.contributor.authorLucas-Mas, Cristian Óliver
dc.date.accessioned2021-08-17T19:37:06Z
dc.date.available2021-08-17T19:37:06Z
dc.date.issued2021-04-21
dc.description.abstractThe objective of this working paper is to provide guidance on the dilemma that governments are facing because of the economic crisis triggered by COVID-19. Measures adopted by governments during the contention phase to alleviate cash flow pressures on taxpayers require budget expenditures that exacerbate revenue losses from reduced tax bases. In parallel, governments are struggling with public expenditure needs that call for creating fiscal space. During this crisis there has been a significant increase in digital transactions as well as an acceleration of digital economy business models and trends. As a result, new income sources have appeared, and governments must find ways of taxing them. The first part of this paper provides guidance on practical measures that may be applied by tax authorities to strengthen cash management and alleviate cash flow constraints on taxpayers. Most of these measures are applicable primarily during the contention phase of the COVID-19 health and economic crisis, but there are others well positioned to support the recovery phase. This paper elaborates on some of the recommendations profiled in the ‘Revenue Measurements on Tax and Customs’ document produced by the Fiscal Policy and Sustainable Growth unit,2 which serves as the umbrella document for this one. The main scope of this paper is to further develop specific practical measures for improving the cash management of businesses and households faced with liquidity constraints during this period. It also provides recommendations to revenue administrations for improving compliance and receipt monitoring during the contention phase. The second part of this paper focuses on post-crisis measures that may compensate for the fiscal deficit generated by cash flow management and temporary tax relief measures. This paper is a continuation, from a cash flow management perspective, of previous World Bank Group research conducted in the areas of fiscal policy and revenue administration implications in response to the COVID-19 pandemic.en
dc.identifierhttp://documents.worldbank.org/curated/en/908111619060497697/COVID-19-and-Taxation-Between-the-Devil-and-the-Deep-Blue-Sea
dc.identifier.doi10.1596/36155
dc.identifier.urihttps://hdl.handle.net/10986/36155
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesEquitable Growth, Finance and Institutions Insight;
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectCORONAVIRUS
dc.subjectCOVID-19
dc.subjectPANDEMIC RESPONSE
dc.subjectFISCAL POLICY
dc.subjectTAXATION
dc.subjectREVENUE ADMINISTRATION
dc.subjectTAX BURDEN
dc.subjectFISCAL DEFICIT
dc.subjectTEMPORARY TAX RELIEF
dc.subjectTAX RATE
dc.subjectE-COMMERCE
dc.subjectDIGITAL TRADE
dc.subjectONLINE SALES TAX
dc.titleCOVID-19 and Taxationen
dc.title.subtitleBetween the Devil and the Deep Blue Seaen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleCOVID-19 and Taxation
okr.date.disclosure2021-04-21
okr.date.doiregistration2025-05-05T12:53:27.927223Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/908111619060497697/COVID-19-and-Taxation-Between-the-Devil-and-the-Deep-Blue-Sea
okr.guid908111619060497697
okr.identifier.externaldocumentum090224b08850a943_1_0
okr.identifier.internaldocumentum33017379
okr.identifier.report158474
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/908111619060497697/pdf/COVID-19-and-Taxation-Between-the-Devil-and-the-Deep-Blue-Sea.pdfen
okr.topicPublic Sector Development::Public Sector Expenditure Policy
okr.topicPublic Sector Development::Tax Policy
okr.topicPublic Sector Development::Revenue Administration
okr.topicMacroeconomics and Economic Growth::Macroeconomic Management
okr.topicMacroeconomics and Economic Growth::Taxation & Subsidies
okr.unitEFI-MTI-Macro/Fiscal-Tax (EMFTX)
relation.isAuthorOfPublicationbd551f21-1b0c-42c7-8576-be3cd754950a
relation.isAuthorOfPublication43c19108-6950-4dfe-bf5a-f346eeca14d5
relation.isAuthorOfPublication.latestForDiscoverybd551f21-1b0c-42c7-8576-be3cd754950a
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