More than Revenue: Main Challenges for Taxation in Latin America and the Caribbean

Ter-Minassian, Teresa

doi:10.2139/ssrn.2207234

Cited by 4 publications

(3 citation statements)

References 32 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…This factor is exacerbated by the high income level from which these rates are applied. On average, the top rate in Latin America applies to incomes that are nine times per capita gdp, compared with 6.5 times in the group of middle-income countries overall (Ter-Minassian, 2012). The results of the last two scenarios and, to a lesser extent, scenario (iii) show that increasing average effective rates -overcoming certain weaknesses in the current tax structure by reducing tax evasion-would lead to greater income redistribution.…”

Section: The Redistributive Potential Of Taxation In Latin America • mentioning

confidence: 87%

The redistributive potential of taxation in Latin America

Hanni¹,

Martner²,

Podestá³

2016

CEPAL Review

View full text Add to dashboard Cite

This study uses internationally comparable methodologies to analyse the distributional impact of income tax and public transfers in 17 countries of Latin America. The results indicate that fiscal policy plays a limited role in improving the distribution of disposable income; the Gini coefficient decreased by barely three percentage points after direct fiscal action. On average, 61% of this reduction was due to public cash transfers and the rest to direct taxes, reflecting the pressing need for personal income tax to be strengthened. Analysis of household surveys gives an indication of the potential effects of tax reformsaimed at increasing the average effective tax rate of the top income decile. Allocating this additional revenue to targeted transfers would produce significant results. Consequently, tax reforms must be evaluated bearing in mind how those resources are used.

show abstract

Section: The Redistributive Potential Of Taxation In Latin America • mentioning

confidence: 87%

The redistributive potential of taxation in Latin America

Hanni¹,

Martner²,

Podestá³

2016

CEPAL Review

View full text Add to dashboard Cite

show abstract

“…The tax collection that moves the economic wheels of a community is the income generated by the activities of the economic companies of that society. Some of the countries in Latin America region that are on a fiscally sustainable path, revenues appear inadequate to fund a socially sustainable level of provision of public services (Ter-Minassian, 2012). The United Nations considers that achieving the Millennium Development Goals (MDGs) requires developing countries to raise at least 20% of their gross domestic product (GDP) in taxes.…”

Section: Statement Of the Problemmentioning

confidence: 99%

The Effect of Financial Statement Audit on Tax Revenue Collection Growth in Rwanda. A Case Study of Rwanda Revenue Authority, Head Quarter (2016-2020)

MUDAKEMWA,

MARINGA,

UZIKWAMBARA

2022

strategicjournals.com

View full text Add to dashboard Cite

The aim of this study was to assess the effect of financial statement audit on revenue collection growth in Rwanda. Under five specific objectives; *to analyse whether desk audit influences tax revenue collection growth in RRA; *to investigate whether field audit influences tax revenue collection growth in RRA; *to evaluate whether compliance tests audit affect tax revenue collection growth in RRA; *to establish the moderating effect of government policies on financial statement audit and tax revenue collection growth; and *to identify the effect of tax revenue collected on economic growth in RRA. This study adopted a descriptive research design, quantitative approaches were used. The population under this research was 100 RRA's tax audit officers. In this study a sample size of 50 tax audit officers in RRA was determined using Yamane's formula. Both primary and secondary sources of data were obtained for the study. Primary data was collected using questionnaire and secondary data was collected using documentation technique from RRA reports (2016)(2017)(2018)(2019)(2020). After the data collected were organized, edited and coded, quantitative data were entered into SPSS 20 and MS-Excel. The significance of the findings was tested using the T-test. The p-value was used to determine whether the null hypothesis should be accepted or rejected. If the p-value >0.05 then alternative hypothesis is accepted while null hypothesis is rejected. The results of the findings indicated that the correlation coefficient showed that there was a strong positive relationship between desk audit, field audit, and compliance test audit and government policies respectively and tax revenue collected performance. The results showed that the Pearson correlation coefficient indicated that there is strong positive relationship between tax revenue collected before audit and the tax revenue collection after audit (r=0.984, p=0.014267878). The study concluded that all the tax audits are important because they add something to tax revenue collected. The study recommended that the companies or individual's tax payers should comply with tax law pertaining the payment of the corporate or personal income tax in particular area.

show abstract

“…Este factor se ve agravado por el alto nivel de ingreso a partir del cual se aplican las tasas máximas. En promedio, en América Latina la tasa máxima empieza a aplicarse a ingresos nueve veces mayores que el pib per cápita, en comparación con 6,5 veces en el conjunto de los países de ingreso medio (Ter-Minassian, 2012). Los resultados de los últimos dos escenarios, y en menor medida el del escenario iii), demuestran que el hecho de lograr un aumento en las tasas medias efectivas -superando ciertas debilidades en la estructura del impuesto actual junto con una diminución de la evasión fiscal-, conduciría a alcanzar una mayor redistribución del ingreso.…”

Section: Simulaciones De Políticaunclassified

El potencial redistributivo de la fiscalidad en América Latina

Hanni

Martner

Podestá

2016

Revista De La CEPAL

View full text Add to dashboard Cite

RESUMENEn este trabajo se efectúan mediciones, comparables con las metodologías internacionales, sobre la incidencia distributiva del impuesto a la renta y las transferencias públicas monetarias en 17 países de América Latina. Los resultados indican que la política fiscal juega un papel limitado en mejorar la distribución del ingreso disponible; el coeficiente de Gini baja apenas tres puntos porcentuales luego de la acción fiscal directa. En promedio, el 61% de esta reducción proviene de las transferencias públicas en efectivo y el resto de los tributos directos, reflejo del imperativo de fortalecer el impuesto a la renta personal. Las mediciones de encuestas de hogares permiten simular los efectos potenciales de reformas tributarias orientadas a aumentar las tasas medias efectivas del decil superior. Si esta recaudación adicional se destina a transferencias focalizadas, los efectos son muy significativos. En consecuencia, es necesario evaluar las reformas tributarias considerando el uso de estos recursos. PALABRAS CLAVETributación, impuesto a la renta, ingresos, distribución del ingreso, medición, datos estadísticos, política fiscal, América Latina CLASIFICACIÓN JEL H22, H23, H24, H5, H55

show abstract

More than Revenue: Main Challenges for Taxation in Latin America and the Caribbean

Cited by 4 publications

References 32 publications

The redistributive potential of taxation in Latin America

The redistributive potential of taxation in Latin America

The Effect of Financial Statement Audit on Tax Revenue Collection Growth in Rwanda. A Case Study of Rwanda Revenue Authority, Head Quarter (2016-2020)

El potencial redistributivo de la fiscalidad en América Latina

Contact Info

Product

Resources

About