European Parliament Library

Political Economy of Multi-Level Tax Assignments in Latin American Countries :, Earmarked Revenue Versus Tax Autonomy, Giorgio Brosio, Ehtisham Ahmad

A weakness of decentralization and overall tax reforms in Latin America is the lack of attention to adequate taxation at the subnational government. A reliance on shared taxes with extensive earmarking leads to weak subnational accountability and soft budget constraints. The paper explores the options for expanding subnational taxation in Latin America. A range of subnational tax instruments might be considered, but interactions between new tax assignments and the system of transfers is important from a political economy perspective
Table Of Contents
Contents; I. Introduction; A. General Considerations; B. Systems of Revenue Sharing and Earmarking; II. Latin American Tax Systems and Tax Reforms; Tables; 1. Comparative Levels of Company and Personal Income Taxation, 2002; A. Trends in Revenue Assignments; B. The Dynamic Context: The Need for Hard Budget Constraints; 2. Assignment of Taxes in Latin America; C. Possible Tax Assignments; State-level VATs; D. Decentralized Taxation of Business with Direct VAT-Type Instruments; Specific production/consumption taxes; Property taxation; Personal income taxes; Rents from natural resources
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (29 p.)
Specific Material Designation
Form Of Item

Library Locations

  • EP Library Brussels

    60 rue Wiertz, Brussels, B-1047, BE
  • EP Library Luxembourg

    Rue du Fort Thüngen, Luxembourg, L-1313, LU
  • EP Library Strasbourg

    7 Place Adrien Zeller, Allée du Printemps, Strasbourg, F-67070, FR