Navigating Financial Crises post-COVID 19 – Tax and fiscal policies

Description

Introduction

The outbreak of COVID-19 pandemic has resulted in a health crisis and a drop-in economic activity without precedent in recent history. Containing and mitigating the virus’s spread has rightly been the priority of public authorities.

Covid-19 has already taken a toll on public finances, leading to increased public borrowing in the current financial year.

The critical question now is what more might be needed this year and how quickly the economy and public finances will recover after that – and that depends on the future course of the pandemic and need for restrictions affecting the economy.

These course objectives will also focus on how:

• tax policy can aid governments in dealing with the COVID-19 crisis.
• to navigate the financial crises during and after Covid-19.
• Implement tax policies that can help governments deal with the post-COVID-19 financial crisis.
• Implement a decisive policy response.

Course Units

• Introduction: Pre and post Covid-19 financial crisis
• Comparison of relief response between emerging and developed economies
• The Policy context and assessing revenue impacts
• Suggested fiscal policy responses to coronavirus
• Principles for tax policy responses
• Taking stock of recent measures
• Policies through containment
• Recovering from the crisis
• Revenue impacts and restoring public finances