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Taxing Commodities with the Future in Mind

In: More than Revenue

Author

Listed:
  • Ana Corbacho

    (Columbia University)

  • Vicente Fretes Cibils

    (North Carolina State University)

  • Eduardo Lora

    (London School of Economics)

Abstract

Fiscal revenues from nonrenewable resources are critically important for Latin America and the Caribbean. Eight countries, representing 43 percent of the region’s GDP, obtain a significant share of their fiscal revenues from nonrenewable resources such as oil, gas, and minerals. For example, Venezuela and Trinidad and Tobago derive about half their total fiscal revenues from nonrenewable resources, and Bolivia, Chile, Ecuador, and Mexico derive between 25 percent and 35 percent. In Colombia and Peru, while fiscal dependence is much lower, it has increased considerably in recent years (table 10.1).

Suggested Citation

  • Ana Corbacho & Vicente Fretes Cibils & Eduardo Lora, 2013. "Taxing Commodities with the Future in Mind," Palgrave Macmillan Books, in: Ana Corbacho & Vicente Fretes Cibils & Eduardo Lora (ed.), More than Revenue, chapter 10, pages 177-194, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-31597-7_10
    DOI: 10.1057/9781137315977_10
    as

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