Economists Call for Major Reforms in Tax Administration and Public Finance Management
Summary
Economists urge major reforms in Nepal's tax administration and public finance management, emphasizing restructuring, good governance, and a simplified VAT system.
Key Points
- Economists stress restructuring tax administration to enhance efficiency and effectiveness.
- A clear linkage between economic policy and national budget is essential for sustainable progress.
- A single-rate VAT system, similar to New Zealand's GST model, is recommended for simplicity and transparency.
- Long-term restructuring strategies and comprehensive institutional reforms are necessary for economic stability.
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