China’s extraordinary rise may appear attractive to countries looking to kickstart development, but the authoritarian aspect of the model, along with its economic foundations, may be unsustainable.
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The International Budget Partnership recently convened 45 representatives from government, civil society, international organizations, and the donor community to deliberate on the challenges of budget credibility – the extent to which government revenue and spending diverges from approved budgets.
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Governments are engaged in a race to the bottom on corporate taxation. Tax rates are falling and tax incentives are multiplying. This is bad news when it comes to financing development. Citizens must demand transparency and accountability regarding tax incentives, and regional and global cooperation to set a floor under corporate tax rates.
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