Author: Richard Miller Bird
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 344
Book Description
Essays coathored by Colombian and North American tax experts analyze ways to achieve long-term sustainable fiscal policy and a more efficient tax system.Colombia, once a model of fiscal discipline for other Latin American nations, has seen its fiscal situation deteriorate since the early 1990s. Higher government spending, taxes that did not keep pace with expenditures, and severe recession led to an unsustainable debt-to-GDP ratio of 52 percent in 2002. Short-term tax increases, even coupled with spending reforms, have not restored Colombia to fiscal balance. A Colombian government commission charged with researching more long-term tax and fiscal reforms gave rise to the selected essays included in this book, each coauthored by Colombian and North American public finance experts. The analyses and recommendations have particular policy relevance for developing economies in general.The studies include both broad discussions of Colombian fiscal and tax systems and detailed analyses of such specific tax instruments as the payroll tax, value-added tax, and the bank debit tax. The focus is on three key concerns: the sustainability of Colombia's fiscal situation, possible reforms to the national tax system, and the fiscal relationship between the national and subnational governments. The theme that emerges from these studies--the importance of moving toward a more efficient and equitable tax system while also raising revenue--suggests the limitations of stopgap measures and the real need for long-term fiscal reform.
Fiscal Reform in Colombia
Author: Richard Miller Bird
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 344
Book Description
Essays coathored by Colombian and North American tax experts analyze ways to achieve long-term sustainable fiscal policy and a more efficient tax system.Colombia, once a model of fiscal discipline for other Latin American nations, has seen its fiscal situation deteriorate since the early 1990s. Higher government spending, taxes that did not keep pace with expenditures, and severe recession led to an unsustainable debt-to-GDP ratio of 52 percent in 2002. Short-term tax increases, even coupled with spending reforms, have not restored Colombia to fiscal balance. A Colombian government commission charged with researching more long-term tax and fiscal reforms gave rise to the selected essays included in this book, each coauthored by Colombian and North American public finance experts. The analyses and recommendations have particular policy relevance for developing economies in general.The studies include both broad discussions of Colombian fiscal and tax systems and detailed analyses of such specific tax instruments as the payroll tax, value-added tax, and the bank debit tax. The focus is on three key concerns: the sustainability of Colombia's fiscal situation, possible reforms to the national tax system, and the fiscal relationship between the national and subnational governments. The theme that emerges from these studies--the importance of moving toward a more efficient and equitable tax system while also raising revenue--suggests the limitations of stopgap measures and the real need for long-term fiscal reform.
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 344
Book Description
Essays coathored by Colombian and North American tax experts analyze ways to achieve long-term sustainable fiscal policy and a more efficient tax system.Colombia, once a model of fiscal discipline for other Latin American nations, has seen its fiscal situation deteriorate since the early 1990s. Higher government spending, taxes that did not keep pace with expenditures, and severe recession led to an unsustainable debt-to-GDP ratio of 52 percent in 2002. Short-term tax increases, even coupled with spending reforms, have not restored Colombia to fiscal balance. A Colombian government commission charged with researching more long-term tax and fiscal reforms gave rise to the selected essays included in this book, each coauthored by Colombian and North American public finance experts. The analyses and recommendations have particular policy relevance for developing economies in general.The studies include both broad discussions of Colombian fiscal and tax systems and detailed analyses of such specific tax instruments as the payroll tax, value-added tax, and the bank debit tax. The focus is on three key concerns: the sustainability of Colombia's fiscal situation, possible reforms to the national tax system, and the fiscal relationship between the national and subnational governments. The theme that emerges from these studies--the importance of moving toward a more efficient and equitable tax system while also raising revenue--suggests the limitations of stopgap measures and the real need for long-term fiscal reform.
Fiscal reform for Colombia
Author: Colombia. Commission on Tax Reform
Publisher:
ISBN:
Category :
Languages : es
Pages :
Book Description
Publisher:
ISBN:
Category :
Languages : es
Pages :
Book Description
Fiscal Reform for Colombia
Author: Colombia. ComisiĆ³n de Reforma Tributaria
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 884
Book Description
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 884
Book Description
Fiscal Reform for Colombia
Author: Richard Abel Musgrave
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
The Taxation of Income from Business and Capital in Colombia
Author: Charles E. McLure
Publisher: Fiscal Reform in the Developin
ISBN:
Category : Business & Economics
Languages : en
Pages : 432
Book Description
"Over the years Colombian tax officials have received the benefit of first-class advice of leading foreign scholars. In return, these scholars--and indeed everyone concerned with development policy--have gained a great deal both from the unusual willingness of Colombians to consider new ideas in detail and then, after full public discussion, drawing on the work of these experts to design a 'made-in-Colombia' solution. "[The book's] most important contribution, however, is undoubtedly with respect to consumption taxes. No one, anywhere, has thought through with such care just how the so-called 'simplified alternative tax' (essentially a direct personal consumption tax combined with a cash-flow corporate tax) might work in the real world. Since such taxes are increasingly being considered--if not adopted--all over the world, in developing and developed countries alike, for this reason alone this book should be high on the reading list of all those concerned with the design and implementation of efficient and equitable direct tax systems."--From the Foreword by Richard M. Bird
Publisher: Fiscal Reform in the Developin
ISBN:
Category : Business & Economics
Languages : en
Pages : 432
Book Description
"Over the years Colombian tax officials have received the benefit of first-class advice of leading foreign scholars. In return, these scholars--and indeed everyone concerned with development policy--have gained a great deal both from the unusual willingness of Colombians to consider new ideas in detail and then, after full public discussion, drawing on the work of these experts to design a 'made-in-Colombia' solution. "[The book's] most important contribution, however, is undoubtedly with respect to consumption taxes. No one, anywhere, has thought through with such care just how the so-called 'simplified alternative tax' (essentially a direct personal consumption tax combined with a cash-flow corporate tax) might work in the real world. Since such taxes are increasingly being considered--if not adopted--all over the world, in developing and developed countries alike, for this reason alone this book should be high on the reading list of all those concerned with the design and implementation of efficient and equitable direct tax systems."--From the Foreword by Richard M. Bird
Fiscal Reform for Columbia
Author: Colombia. ComisiĆ³n de Reforma Tributaria
Publisher:
ISBN:
Category : Fiscal reform
Languages : en
Pages : 853
Book Description
Publisher:
ISBN:
Category : Fiscal reform
Languages : en
Pages : 853
Book Description
Fiscal Reform for Colombia
Author: Richard A. Musgrave
Publisher:
ISBN:
Category :
Languages : en
Pages : 853
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 853
Book Description
Comprehensive Tax Reform
Author: P. Shome
Publisher:
ISBN:
Category : Taxation
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category : Taxation
Languages : en
Pages :
Book Description
Policy Changes that Encourage Private Business Investment in Colombia
Author: Mansoor Dailami
Publisher: World Bank Publications
ISBN:
Category : Capital investments
Languages : en
Pages : 59
Book Description
To sustain expansion of private business investment, Colombia should consider an investment tax credit, frequent forecasting of business variables (to reassure businessmen of the favorable climate for investment), a shift from historical cost accounting to replacement cost accounting, and preferential treatment for small and medium-size firms in the allocation of available capital.
Publisher: World Bank Publications
ISBN:
Category : Capital investments
Languages : en
Pages : 59
Book Description
To sustain expansion of private business investment, Colombia should consider an investment tax credit, frequent forecasting of business variables (to reassure businessmen of the favorable climate for investment), a shift from historical cost accounting to replacement cost accounting, and preferential treatment for small and medium-size firms in the allocation of available capital.
Taxation and Development
Author: Richard Miller Bird
Publisher:
ISBN: 9780783744476
Category :
Languages : en
Pages : 294
Book Description
Publisher:
ISBN: 9780783744476
Category :
Languages : en
Pages : 294
Book Description