Broadening the Tax Base for Fiscal Sustainability
In an era marked by global economic uncertainty, rising public debt, and increasing social demands, governments face mounting pressure to fund infrastructure, health, education, and climate adaptation without compromising fiscal stability. One of the most effective yet often politically sensitive strategies to achieve this is broadening the tax base—a policy shift that enhances fiscal sustainability by increasing revenue mobilization through more inclusive, efficient, and equitable taxation. At Savings UK Ltd, we recognize the importance of a robust tax system not only for macroeconomic stability but also for fostering an inclusive economy. This article explores the mechanisms, opportunities, and challenges of tax base broadening, focusing on key areas such as VAT efficiency, wealth taxation, environmental taxes, digital economy taxation, and exemption reform. #Digitaleconomytaxation #Environmentaltaxes #Exemptionreform #Fiscalspace #Progressivetaxation #Revenuemobilization #SAVINGSUKLtd #Taxbasebroadening #Taxincentives #VATefficiency #Wealthtaxation Read the full article
