Trends and Future Directions in Tax Policy Reform: A Latin American Perspective
IMF Working Papers, June 1, 1992
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- Trends and Future Directions in Tax Policy Reform: A Latin American Perspective
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Bibliographic details
- Authors: Parthasarathi Shome
- Published: June 1, 1992
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451846263.001
Main findings
- Tax reform in Latin America during the 1980s emphasized broad-based, low-rate consumption taxes over steeply progressive income and property taxes, primarily to simplify the tax structure and facilitate tax administration.
- Tax reform need not necessarily raise tax-to-GDP ratios.
- Countries that undertook tax reform experienced a higher revenue gain in terms of GDP relative to those that did not.
Key tax policy issues identified for the 1990s
- Minimum income tax.
- Alternative corporate taxes: cash flow tax; assets tax.
- Capturing difficult tax bases: financial intermediation; property.
- Environment taxes.
- Extending withholding as a taxing mechanism.
- Tax harmonization.
Thematic keywords and subjects (as described in the source)
- Corporate income tax; Income and capital gains taxes; Income tax systems; Personal income tax; Taxes; Value-added tax.
- Keywords: cash flow, Corporate income tax, double taxation, flat rate, Global, import duty, Income and capital gains taxes, Income tax systems, income tax tax revenue, North America, personal income, personal income income tax, Personal income tax, progressive tax, property tax, rates pari passu, revenue dependence, tax rate, uniform VAT rate, Value-added tax, VAT revenue base, WP.
Trends and Future Directions in Tax Policy Reform: A Latin American Perspective, Parthasarathi Shome, June 1, 1992.