Equity and EffciencyCosts of Raising Tax Revenue inColombia
AbstractThis paper examines the Colombian tax system as it is represented in the 1997 social accounts. We implement an economic model based on these data and evaluate the welfare e®ects of raising additional government revenue. The paper considers the marginal and inframarginal cost of raising revenue hrough various tax instruments, including captial taxes, excise taxes, mport tari®s, and value-added taxes. We conclude that value-added taxes nd select excise taxes are the most e±cient revenue source in both the hort- and long-run. Our analysis addresses both e±ciency and equity onsiderations in the design of tax policy. Independent of the need for dditional revenue, we find that social welfare could be improved through the adoption of more uniform tari® and value-added taxes, but some reforms of this type may be regressive.
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Impuestos; Modelos de Equilibrio General Aplicado;
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- D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
- H22 - Public Economics - - Taxation, Subsidies, and Revenue - - - Incidence
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- Roy Bahl & Sally Wallace, 2007.
"From Income Tax to Consumption Tax? The Case of Jamaica,"
International Center for Public Policy Working Paper Series, at AYSPS, GSU, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University
paper0712, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
- Roy Bahl & Sally Wallace, 2007. "From Income Tax to Consumption Tax?. The Case of Jamaica," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, Mohr Siebeck, Tübingen, vol. 63(3), pages 396-414, September.
- Richard M. bird, 2003. "Taxation in Latin America: Reflections on Sustainability and the Balance between Equity and Efficiency," International Tax Program Papers, International Tax Program, Institute for International Business, Joseph L. Rotman School of Management, University of Toronto 0306, International Tax Program, Institute for International Business, Joseph L. Rotman School of Management, University of Toronto.
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