Taxation in Latin America: Structural Trends and Impact of Administration

February 1, 1999

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Format: Chicago

Parthasarathi Shome. Taxation in Latin America: Structural Trends and Impact of Administration, (USA: International Monetary Fund, 1999) accessed November 23, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

From the mid-1980s to early 1990s, Latin American tax policy provided rich lessons for other reforming countries. Meaningful innovations led also to perceptible revenue gains. Later in the 1990s, tax policies began to drift. Shining examples of fundamental reform seemed to lose their luster. Revenue in terms of GDP also stagnated, partly reflecting over-reliance on consumption taxes and neglect of taxable capacity on incomes. The stagnation has been exacerbated by excessively simplified administrative practices. Based on these developments and on the limited taxability of internationally mobile capital, the paper anticipates a likely tax structure for the new century.

Subject: Corporate income tax, Income and capital gains taxes, Income tax systems, Personal income tax, Revenue administration, Tax administration core functions, Taxes

Keywords: Central America, Corporate income tax, Environment tax, Global, Income and capital gains taxes, Income tax systems, Latin America, North America, Personal income, Personal income tax, Personal income tax, Reform effort, Revenue enhancement, South America, Tax administration, Tax administration activity, Tax administration core functions, Tax administration improvement, Tax administrator, Tax concession, Tax design, Tax export, Tax policy, Tax reform, Tax statute, Tax structure, Taxation trends, WP

Publication Details

Pages:

33
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1999/019
Stock No:

WPIEA0191999
ISBN:

9781451843729
ISSN:

1018-5941

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