This statement estimates the revenue forgone through tax expenditures. It also provides data on how large tax expenditures and common tax system features are distributed across individuals and businesses.

This report provides a comprehensive overview of tax reform trends, offering cross-country comparisons and tracking policy developments over time. This edition describes tax reforms implemented in 2024 across 86 jurisdictions, including all OECD countries. It finds that governments increasingly implemented reforms to raise revenues for specific spending needs – most notably linked to population ageing.

A policy proposal to phase-out Australia's Fuel Tax Credit scheme, which subsidises imported high-emissions diesel use, with a transition tax incentive scheme to accelerate electrification and decarbonisation. This paper argues that the fuel tax does not fund roads – it is industry assistance.

This paper estimates the effect of several business investment tax breaks (ITBs), including tax credits and instant asset write-offs, implemented over the past 15 years. The paper provides three key findings. A key takeaway is that ITBs can be effective tools for stimulating the economy during a downturn.

This statement estimates the revenue forgone through tax expenditures. It also provides data on how large tax expenditures and common tax system features are distributed across individuals and businesses.