Achieving the Sustainable Development Goals (SDGs) for a greener and more inclusive future will require vast public spending. Revenue mobilisation remains essential to many G20 economies to satisfy fiscal needs and support progress. Although the approach may vary across countries, the options holding universal promise include better use of value-added tax (VAT), rationalised tax exemptions, and appropriate taxation of the fast-growing digital economy. Strengthening personal income and property taxes can also boost their low revenue yield and make taxes more progressive. Corrective taxes can be effective to curb harmful consumptions and raise revenue for mitigating measures. Additionally, strengthening tax administration can help, and taxpayer morale can be buttressed by improving the quality of public spending.
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