PJD 2018 Vol. 45 No. 2d
Primary Healthcare and Management of Noncommunicable Diseases in the Philippines
PJD 2018 Vol. 45 No. 2c
An Assessment of the Financial Sustainability and Performance of Philippine Water Districts
PJD 2018 Vol. 45 No. 2b
The Philippine Local Water Sector: Institutional Issues in Supply Governance
PJD 2018 Vol. 45 No. 2a
Perceived Effects of the Performance-Based Bonus on Government Employees Productivity

PIDS WB 2021-1001
Assessing the Institutional Arrangements and the Implementation of Policies on Indigenous Peoples
PIDS WB 2021-0905
7th Mindanao Policy Research Forum
PIDS WB 2021-0905
Annual Public Policy Conference Webinar 4: Robust and Healthy Workforce and Closing Program
PIDS WB 2021-0904
Annual Public Policy Conference Webinar 3: Green And Inclusive Recovery
Publication Detail
TRJ 2004 Vol XVI No 2-b: Tax Expenditure: Concept and Practices

The study discusses the concept of and practices relating to tax expenditure. It states that tax expenditures are concessions that fall outside of or are departures from the normal tax structure designed to favor a particular industry, activity or class or persons. They include permanent exclusions from income, deductions, deferrals of tax liabilities, credits against tax or special rates, exemptions, allowances, tax reliefs, tax shelters, tax aids, etc. They constitute government spending via the tax system and may result to substantial revenue foregone. It notes that by experience, tax expenditures invite a lesser level of scrutiny compared to direct government expenditures such as grants, loans or other forms of government assistance. It suggests that given the negative aspects associated with tax expenditures, it may be better if policymakers subject them to a closer examination and review to prevent their use for fiscal opportunism and to strengthen government’s revenue collection drive.

National Tax Research Center
Authors Keywords
National Tax Research Center; taxation; tax; tax expenditure;
Download PDF Number of Downloads
Published in 2004 and available in the NTRC Library or NO PDF AVAILABLE Downloaded 0 times since November 25, 2011
Please let us know your reason for downloading this publication. May we also ask you to provide additional information that will help us serve you better? Rest assured that your answers will not be shared with any outside parties. It will take you only two minutes to complete the survey. Thank you.

To use as reference:
If others, (Please specify):
Name: (optional)
Email: (required, but will not display)
If Prefer to self-describe, please specify:
Level of Education:
If employed either part-time or full-time, name of office:
If others, (Please specify):
Would you like to receive the SERP-P UPDATES e-newsletter? Yes No
Use the space below if you have any comment about this publication or SERP-P knowledge resources in general.