Tax Reform: Learning from Hong Kong, China’s Reform Challenges
Hong Kong, China’s tax system and prudent approach to fiscal policy are two pillars of its success. Despite this, aging and climate change will require tax reforms to ensure fiscal sustainability and competitiveness.
Your Questions Answered: What is Bhutan’s Gross National Happiness Index?
Milan Thomas, an ADB economist who specializes in social sector impact evaluation, and Yangchen C. Rinzin, a research fellow at the Centre for Bhutan and Gross National Happiness Studies, answer questions about the use of Bhutan’s Gross National Happiness index.
Is it Time to Tax the Use of Robots?
Governments in Asia will need to walk a fine line between securing adequate revenues, supporting displaced workers, and promoting growth and investment, in response to tax challenges posed by rapid robot deployment.
Asia’s Debt is Sustainable… For Now
Asian countries should implement reforms now, while their debt is sustainable, in order to head off a debt crisis.
Digitizing Asia’s Tax Agencies
The tax administration of the future will be digitized and use new technologies which revolutionize tax processes, enhancing speed and accuracy.
Pathways to Resilience for Countries Experiencing Conflict and Fragility
Promoting inclusive, resilient, and sustainable development in fragile and conflict-affected states is needed to improve living standards, promote good governance and strengthen institutions.
Taxing Digital Trade Could Speed Pandemic Recovery
Extending a value added tax (VAT) to more effectively capture e-commerce and digital services could yield significant short-term revenue and help ensure a level playing field between domestic and foreign players.
A New Way to Address the Causes and Effects of Forced Displacement
The “nexus” approach calls for better planning to prevent humanitarian crises, and rapid responses when they occur.
Kazakhstan Goes Local When it Comes to Project Finance
Kazakhstan is becoming a leader among developing countries in the use of local currency finance.
Making State-owned Enterprises Work for Commercial Investors
Commercial financing of government-owned or controlled companies is crucial for their success but major reforms are needed before private investors will step in.