The main objective was to analyse the Panamanian fiscal system, which was accomplished by conducting a broad and comprehensive diagnosis of the Panamanian fiscal system including all taxes, incentives and subsidies associated with products and services that directly or indirectly generate GHG emissions. It also assessed whether the existing framework of taxes, incentives and subsidies were aligned with Panama’s low-carbon strategy. Finally, when they were not aligned, a fiscal strategy consistent with the country’s emission reduction commitments, ensuring a positive or neutral fiscal impact was proposed.
Metroeconomica was responsible for mapping taxes, incentives, and subsidies, assessing the economic, environmental, and distributional impact of the current system, and proposing changes to the current tax system.
ClientThe World Bank
SolutionTaxation and green finance
Dates12/2020 – 02/2021
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