Curvas Laffer de la Tributación en Colombia

Abstract

Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva. AbstractThis paper estimates the Laffer curves in Colombia for taxes on labor income, capital gains, and consumption. We used a neoclassical growth model with human capital, as that suggested by Trabandt and Uhlig (2011), inputting data from the national accounts system, for the period 1994 to 2015. The results permit to compare the current effective tax rates on the factors of production against that which would maximize the government's revenues, and therefore derive the government's possible taxrelated fiscal space. Furthermore, they help us perform some fiscal-policy simulations employing the policy's main tools, and they let us contrast Colombia's effective tax rates and Laffer curves with those of the OECD countries Classification JEL: E13, E62, H20, H30, H60