Author: Parthasarathi Shome
Publisher: Oxford University Press
Year: 2002
Language: English
Pages: 260
ISBN/UPC (if available): 019 5661761
Description
This volume designs strategies for a sustainable fiscal architecture in the country. The author surveys fiscal trends of the 1990s, and provides an overview of the tax and expenditure reforms.
Addressing both the centre and the states, this book:
1.Delineates the impact of lagging revenue performance and rising expenditure
2.Demonstrates the costly implications of the consolidated fiscal deficit for sustainability of public debt.
3.Assesses the impact of fiscal federalism and decentralization on economic growth
4.Examines the complexities in introducing a VAT and its importance for a comprehensive tax base
5.Discusses the ramifications of tax administration practices on the effectiveness of tax policy.
The analysis reflects Shome’s international experience as a fiscal and tax expert. He provides cross-country examples from Asia, Latin America and Africa and, in particular, includes detailed comparisons on fiscal federalism from Argentina and Brazil.
Fiscal experts, students and policy-makers will find the book analytical, detailed and extremely practical.
Contents
Tables
Figures and Appendices
Abbreviations and Acronyms
1.FISCAL POLICY
Introduction
Fiscal Policy in a Macroeconomic Framework
Scope of Fiscal Policy
Effects and Financing of the Fiscal Deficit
Sustainability of Public Debt
Impact of Sub national Governments
Governance and Fiscal Policy in India
A Roadmap for the Book
Endnotes
2. INDIAN FISCAL POLICY IN THE 1990s AN OVERVIEW
Introduction
Fiscal Performance in the 1990s
Gaps in the Center's Tax Reform
Agenda for Sub national Tax Reform
Expenditure Policy
Fiscal Deficit and Decentralization
Sustainability of Public Debt
Concluding Remarks
Endnotes
3.LESSONS FROM INTERNATIONAL EXPERIENCES, GROWTH, AND FISCAL EFFECTS OF DECENTRALIZATION
Introduction
Conceptual Basis for Decentralization Issues
Theories and Debates over Decentralization
Selected Latin American Fiscal-Federal Systems
Fiscal Federalism in Argentina
Fiscal Federalism in Brazil
Lessons from the Latin American experience
Indian Fiscal Federalism
Decentralization and Growth: Survey and Evidence
Endnotes
4.VALUE ADDED TAX: STRUCTURE AND ADMINOSTRATION
Introduction
Principles of VAT
Elements in VAT Introduction
Comparative VAT Issues for States
The Issue of service Taxation
A National VAT is the Ultimate Goal
Endnotes
5. TAX POLICY AND TAX ADMINISTRATION INTERLINKAGES AND CORRECTIVE POLICIES
Introduction
Ramifications of Tax Policy for Tax Administration
Concluding Remarks
Endnotes
6. SUMMARY AND CONCLUSIONS
Lessons-Based Fiscal Strategy
India's Recent Fiscal Performance and Future Strategy
Endnotes
Appendices
References
Name Index
Subject Index