The Taxation of Income from Business and Capital in Colombia PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download The Taxation of Income from Business and Capital in Colombia PDF full book. Access full book title The Taxation of Income from Business and Capital in Colombia by Charles E. McLure. Download full books in PDF and EPUB format.
Author: Charles E. McLure
Publisher: Fiscal Reform in the Developin
ISBN:
Category : Business & Economics
Languages : en
Pages : 432
Get Book Here
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
Author: Charles E. McLure
Publisher: Fiscal Reform in the Developin
ISBN:
Category : Business & Economics
Languages : en
Pages : 432
Get Book Here
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
Author:
Publisher:
ISBN:
Category : Business enterprises
Languages : en
Pages : 385
Get Book Here
Book Description
Author: Sarah Perret
Publisher:
ISBN:
Category : Colombia
Languages : en
Pages : 31
Get Book Here
Book Description
The Colombian corporate tax system is highly complex and distortive. The effective tax burden on businesses is very high due to the combined effect of the corporate income tax, the corporate surtax introduced in 2012 (CREE), the net wealth tax on business assets and the value added tax (VAT) on fixed assets. Indeed, in addition to high statutory taxes on corporate income, formal sector businesses are subject to a wealth tax on their net assets and to a production-based VAT system under which VAT paid on the purchases of fixed assets is not creditable against output VAT. Calculations in this paper find that the total marginal effective tax rate reaches about 60% for equity-financed investments. Such a high effective corporate tax burden is likely to deter investment and to further encourage tax evasion in the future and therefore calls for a fundamental business tax reform. This paper also reviews the other key elements of the capital income tax system in Colombia. This Working Paper relates to the 2014 OECD Economic Survey of Colombia (www.oecd.org/eco/surveys/economic-survey-colombia.htm).
Author:
Publisher:
ISBN:
Category : Business enterprises, Foreign
Languages : en
Pages : 264
Get Book Here
Book Description
Author: Colombia
Publisher:
ISBN:
Category : Income tax
Languages : en
Pages : 344
Get Book Here
Book Description
Author: Colombia Information Service
Publisher:
ISBN:
Category : Investments, Foreign
Languages : en
Pages : 18
Get Book Here
Book Description
Author: Dominic A. Perenzin
Publisher:
ISBN:
Category : Colombia
Languages : en
Pages : 120
Get Book Here
Book Description
Author: World Bank
Publisher: World Bank Publications
ISBN: 1464814414
Category : Business & Economics
Languages : en
Pages : 241
Get Book Here
Book Description
Seventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.
Author: International Monetary Fund. Western Hemisphere Dept.
Publisher: International Monetary Fund
ISBN: 1498311849
Category : Business & Economics
Languages : en
Pages : 16
Get Book Here
Book Description
This Selected Issues paper examines the impact of the Financing Law on both tax revenues and the economy. This paper assesses the main tax measures introduced by the law and their dynamic impact on tax revenue through macroeconomic transmission channels. Despite various reforms in recent years, non-oil tax revenues in Colombia remain comparatively low. The Financing Law should raise tax revenues in 2019 but will likely create shortfalls thereafter. The model-based simulations point to sizeable increases in private investment. The simulations suggest that the Law could boost medium-term growth by around 0.2 percent of GDP but will reduce tax revenues by over 1/2 percent of GDP in the medium term. The key channel is through a lower corporate burden through lower corporate income tax and allowing input credit for value added tax on capital goods. The analysis finds that the Law may boost medium-term growth by around 0.2 percent of GDP, but it may lead to future tax revenue shortfalls starting in 2020.
Author: Harvard Law School. International Program in Taxation
Publisher:
ISBN:
Category : Taxation
Languages : en
Pages : 644
Get Book Here
Book Description
Primarily the work of the staff, the following former staff members, and correspondent : George Jackson Eder, John C. Chommie, and Hector Julio Becerra.
