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.

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.