Trends and Future Directions in Tax Policy Reform : A Latin American Perspective /

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...

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Detalhes bibliográficos
Autor principal: Shome, Parthasarathi
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 1992.
Colecção:IMF Working Papers; Working Paper ; No. 1992/043
Acesso em linha:Full text available on IMF
Descrição
Resumo: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.
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Descrição Física:1 online resource (34 pages)
Formato:Mode of access: Internet
ISSN:1018-5941
Acesso:Electronic access restricted to authorized BRAC University faculty, staff and students