{
  "title": "Taxing Better to Boost Growth",
  "publication": "Fiscal Monitor",
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  "summary": "Better tax design and implementation can strengthen growth while safeguarding the revenue governments need. Chapter 1 shows how tax reforms can reduce tax-induced distortions to support production, investment, innovation, and employment while preserving overall revenue.",
  "sections": [
    {
      "heading": "Executive Summary",
      "content": "- Better tax design and implementation can strengthen growth while safeguarding the revenue governments need.\n- Chapter 1 shows how tax reforms can reduce tax-induced distortions to support production, investment, innovation, and employment while preserving overall revenue.\n- The chapter quantifies sizable gains from restoring VAT neutrality, improving the tax treatment of investment costs, strengthening work incentives, and targeting innovation support more effectively.\n- The chapter also highlights how modern tax administration and clear legal frameworks can lower compliance costs, enhance firm productivity, and help ensure that well-designed reforms deliver in practice."
    },
    {
      "heading": "Quantified reform areas and expected gains",
      "content": "- Restoring VAT neutrality.\n- Improving the tax treatment of investment costs.\n- Strengthening work incentives.\n- Targeting innovation support more effectively.\n- Each area is presented as yielding sizable gains while preserving overall revenue (as described in Chapter 1)."
    },
    {
      "heading": "Tax administration, legal frameworks, and implementation",
      "content": "- Modern tax administration can lower compliance costs.\n- Clear legal frameworks can enhance firm productivity.\n- Stronger tax administration and legal clarity help ensure that well-designed reforms deliver in practice."
    },
    {
      "heading": "Outreach and discussion (October 2026)",
      "content": "- \"Taxing better to boost growth: Insights from the IMF’s Fiscal Monitor\" — live discussion.\n- Presentation of the Fiscal Monitor chapter: Shafik Hebous, Deputy Division Chief, Fiscal Affairs Department - International Monetary Fund.\n- Panel discussion participants:\n  - Laura Alfaro, Chief Economist and Economic Counselor - Inter-American Development Bank.\n  - Michael Best, Associate Professor of Economics - Columbia University.\n  - Elena Patel, Co-Director - Urban-Brookings Tax Policy Center, Pozen Director's Chair, Senior Fellow - Economic Studies.\n  - Rodrigo Valdés, Director, Fiscal Affairs Department - International Monetary Fund.\n- Welcome and introduction: David Wessel, Director - The Hutchins Center on Fiscal and Monetary Policy, Senior Fellow - Economic Studies.\n- Moderator: Victoria Perry, Professor from Practice - Georgetown University Law Center.\n- Closing remarks noted as part of the event program."
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