OECD Report: VAT and Related Taxes as Key Fiscal and Socioeconomic Policy Tools in 2024

• The OECD report of September 11, 2024, confirms VAT as a key fiscal policy tool for states.
• VAT remains a major source of public revenue and can influence economic and social decisions.
• There is a trend toward phasing out temporary VAT reductions, despite ongoing exemptions for essential goods and services.
• The report highlights the continued growth of related taxes, such as excise duties on tobacco, alcohol, sugary drinks, and environmental taxes.
• These fiscal measures reflect a more diversified and targeted approach, incorporating public health and environmental protection objectives.

Source: easytax.co

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

---

---