Tax Analysis and Revenue Forecasting

Tax analysis and revenue forecasting have become increasingly important functions as governments undertake reforms of their tax systems to enhance revenues, improve the equity and efficiency of taxes, and promote economic growth.

The four-week Tax Analysis and Revenue Forecasting workshop covers the economic foundations of tax policy, revenue forecasting and statistical techniques to give participants the capacity to implement successful tax reforms. The course covers a wide variety of taxes such as value-added tax, personal and corporate income tax, excises, property tax, trade taxes and taxes on natural resources. The application of macroeconomic models, micro-simulation models and typical taxpayer models are also covered.

Topics

Tax Analysis

• Principles of taxation
• Tax reform and its implementation
• Economic impact of taxes and subsidies
• Consumption and expenditure taxes
• Taxes on international trade
• Taxation of income
• International tax harmonization
• Wealth and asset taxation
• Property and real estate taxes
• Taxation of natural resources
• Taxation of financial sectors
• Taxation of e-commerce
• Inflation and taxation

Revenue Forecasting

• Value-added and excise taxes
• Trade taxes
• Personal income taxes
• Corporate income taxes
• Taxes on natural resources
• Property taxes

Computer Applications

• Introduction to computers and computerization
• Microcomputers in revenue forecasting

Empirical Techniques and Models

• Micro-simulation models
• Typical taxpayer model
• Macroeconomic models
• GDP-based forecasting models
• Regression analysis
• Sampling techniques
• Consumer expenditure surveys
• Receipts model

Special Topics may include:

• Risk management of tax compliance
• Transfer pricing and international dispute resolution
• Tax competition and investment incentives
• Overview of tax treaties for double tax avoidance