{"product_id":"9789292707378","title":"Tax Effort and Tax Potential in Timor-Leste: Assessing Post-Pandemic Fiscal Challenges and Priorities","description":"\u003cp\u003eThis report analyzes tax policy reforms needed in Timor-Leste to boost domestic revenue mobilization and help drive more inclusive and sustainable economic growth.\u003c\/p\u003e\n\n\u003cp\u003eTimor-Leste, one of Southeast Asia's poorest countries, relies heavily on petroleum income to finance its large public expenditure envelope. As a result, the country remains vulnerable to revenue fluctuations which in turn contribute to macroeconomic volatility. This report concludes that a more diversified approach to domestic resource mobilization will reduce such volatility and provide more stability in government finances. To achieve this, it proposes a modern value-added tax is introduced alongside other tax administration reforms, and that these need to be complemented by more efficient public expenditure.\u003c\/p\u003e","brand":"Asian Development Bank","offers":[{"title":"Default Title","offer_id":49066373251299,"sku":"00000_00000_00000_00000","price":30.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/usa.kinokuniya.com\/products\/9789292707378","provider":"Books Kinokuniya USA","version":"1.0","type":"link"}