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

Author

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  • Mr. Parthasarathi Shome

Abstract

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.

Suggested Citation

  • Mr. Parthasarathi Shome, 1992. "Trends and Future Directions in Tax Policy Reform: A Latin American Perspective," IMF Working Papers 1992/043, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1992/043
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    Citations

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    Cited by:

    1. Bès, Martin & Febres, Jorge & Rains, Luisa, 1996. "Reformas recientes en la política tributaria en América Latina," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34273, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    2. Sergio Clavijo, 2005. "Tributación, Equidad y Eficiencia en Colombia: Guía para Salir de un Sistema Amalgamado," Borradores de Economia 325, Banco de la Republica de Colombia.
    3. Zee, Howell H., 1996. "Empirics of crosscountry tax revenue comparisons," World Development, Elsevier, vol. 24(10), pages 1659-1671, October.
    4. Loayza, Norman & Palacios, Luisa, 1997. "Economic reform and progress in Latin America and the Caribbean," Policy Research Working Paper Series 1829, The World Bank.
    5. Giovanni Andrea Cornia & Juan Carlos Gómez-Sabaini & Bruno Martorano, 2011. "A New Fiscal Pact, Tax Policy Changes and Income Inequality: Latin America During the Last Decade," WIDER Working Paper Series wp-2011-070, World Institute for Development Economic Research (UNU-WIDER).
    6. Sergio Clavijo Vergara, 2004. "Requisitos Para La Estabilidad Fiscal: Un Balance Y La Agenda," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 22(46-1), pages 146-185, December.
    7. repec:dau:papers:123456789/11004 is not listed on IDEAS
    8. Loayza, Norman V. & Soto, Raimundo, 2004. "On the measurement of market-oriented reforms," Policy Research Working Paper Series 3371, The World Bank.
    9. Sour, Laura, 2003. "Rentabilidad del gasto para la fiscalización del IVA en México: un punto de partida para la reforma administrativa del Sistema de Administración Tributaria [Return of the enforcement expending on V," MPRA Paper 52186, University Library of Munich, Germany.
    10. repec:dau:papers:123456789/4974 is not listed on IDEAS
    11. Loayza, Norman V., 1996. "The economics of the informal sector: a simple model and some empirical evidence from Latin America," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 45(1), pages 129-162, December.
    12. Gómez Sabaini, Juan Carlos & Morán, Dalmiro, 2014. "Tax policy in Latin America: Assessment and guidelines for a second generation of reforms," Macroeconomía del Desarrollo 36806, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    13. Giovanni Andrea Cornia & Juan Carlos Gómez-Sabaini & Bruno Martorano, 2012. "A New Fiscal Pact, Tax Policy Changes and Income Inequality," Working Papers - Economics wp2012_03.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
    14. Cornia, Giovanni Andrea & Martorano, Bruno, 2011. "A New Fiscal Pact, Tax Policy Changes and Income Inequality," WIDER Working Paper Series 070, World Institute for Development Economic Research (UNU-WIDER).

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