Valenduc, Christian - In: Reflets et perspectives de la vie économique XLIII (2004) 1, pp. 87-104
Tax expenditures are one of the instruments a government can use to implement specific tax policies. In many cases, subsidies and tax expenditures are close substitutes. However, tax expenditures are less transparent since they are not subject to the same level of scrutiny as subsidies are. The...