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Western Hemisphere > Argentina

You are looking at 1 - 2 of 2 items for :

  • Type: Journal Issue x
  • Taxation, Subsidies, and Revenues: Other Sources of Revenue x
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Cover IMF Working Papers
Fiscal Rules and Countercyclical Policy: Frank Ramsey Meets Gramm-Rudman-Hollings
Mr. Evan C Tanner
Fiscal rules—legal restrictions on government borrowing, spending, or debt accumulation (like the Gramm-Rudman-Hollings Act in the United States)—have recently been adopted or considered in several countries, both industrial and developing. Previous literature stresses that such laws restrict countercyclical government borrowing, thus preventing intertemporal equalization of marginal deadweight losses of taxation—an idea associated with Frank Ramsey. However, such literature typically abstracts from persistent current deficits that are financed by future tax increases. Eliminating such deficits may substantially reduce tax rate variability—the very goal of countercyclical borrowing—even over a finite horizon. Thus, Gramm-Rudman-Hollings and Frank Ramsey are not necessarily enemies and they may even be good friends!
Keywords:
WP; government expenditure; Ramsey approach; tax smoothing; countercyclical policy; primary deficit; GDP ratio; debt accumulation; variability rise; debt-GDP constant; debt target; Fiscal rules; Tax expenditures; Public expenditure review; Central America; Caribbean
Cover IMF Working Papers
Taxation in Latin America: Structural Trends and Impact of Administration
Mr. Parthasarathi Shome
From the mid-1980s to early 1990s, Latin American tax policy provided rich lessons for other reforming countries. Meaningful innovations led also to perceptible revenue gains. Later in the 1990s, tax policies began to drift. Shining examples of fundamental reform seemed to lose their luster. Revenue in terms of GDP also stagnated, partly reflecting over-reliance on consumption taxes and neglect of taxable capacity on incomes. The stagnation has been exacerbated by excessively simplified administrative practices. Based on these developments and on the limited taxability of internationally mobile capital, the paper anticipates a likely tax structure for the new century.
Keywords:
WP; tax administration; tax structure; personal income; tax administrator; tax reform; Latin America; taxation trends; tax policy; revenue enhancement; reform effort; tax design; personal income tax; tax statute; tax concession; environment tax; tax export; tax administration improvement; tax administration activity; Income tax systems; Income and capital gains taxes; Tax administration core functions; Personal income tax; Corporate income tax; Global; South America; North America; Central America