Trends and Future Directions in Tax Policy Reform: A Latin American Perspective
Summary:
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. While 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. Tax reform issues during the 1990s will include a 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, and tax harmonization.
Series:
Working Paper No. 1992/043
Subject:
Corporate income tax Income and capital gains taxes Income tax systems Personal income tax Taxes Value-added tax
English
Publication Date:
June 1, 1992
ISBN/ISSN:
9781451846263/1018-5941
Stock No:
WPIEA0431992
Pages:
34
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