Tax incentives for businesses in Latin America and the Caribbean. Summary
This paper analyses tax incentive policies for businesses in Latin American countries to promote the discussion and review of these instruments with the aim of building tax systems that foster investment, while continuing to provide the necessary resources to attain the Sustainable Development Goals...
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ECLAC
2020
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| Acceso en línea: | https://hdl.handle.net/11362/45204 https://hdl.handle.net/11362/45204 |
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cepal-11362-45204 Tax incentives for businesses in Latin America and the Caribbean. Summary NU. CEPAL OXFAM INCENTIVOS FISCALES EMPRESAS INDUSTRIALES EMPRESAS COMERCIALES INVERSIONES POLITICA FISCAL INGRESOS FISCALES MODELOS ECONOMETRICOS ANALISIS COSTO-BENEFICIO DESARROLLO ECONOMICO TAX INCENTIVES INDUSTRIAL ENTERPRISES BUSINESS ENTERPRISES INVESTMENTS FISCAL POLICY TAX REVENUES ECONOMETRIC MODELS COST-BENEFIT ANALYSIS ECONOMIC DEVELOPMENT This paper analyses tax incentive policies for businesses in Latin American countries to promote the discussion and review of these instruments with the aim of building tax systems that foster investment, while continuing to provide the necessary resources to attain the Sustainable Development Goals (SDGs). The amount of revenue that is lost because of tax incentives is not insignificant, in terms of both the size of the economy and total government revenues and public spending on health, education and social care. Moreover, the few cost-benefit studies that have been carried out in the region show that these incentives are not cost efficient, so there is ample space to rationalize their use and to improve their design and focus. The effectiveness of tax incentives depends, to a large extent, on good governance in their design, implementation, monitoring and evaluation, with particular importance given to transparency and accountability. Although the region has made progress in terms of measuring and publishing the fiscal cost of these incentives, there is still a long way to go to improve their governance. This document sets out guidelines in this regard. I. Reviewing and assessing tax expenditures .-- II. Tax expenditures in Latin America and the Caribbean. What type of tax expenditures are in place? What is the value of the public resources foregone due to tax expenditures in the countries of Latin America and the Caribbean? .-- III. Tax incentives for businesses in the region. What types of business incentive are used in the region and how effective are they? How do tax incentives for businesses in Latin America differ from those in the rest of the world? What is the fiscal cost of business incentives in the region? Do business incentives succeed in attracting investment? Do the benefits of business incentives outweigh the costs? .-- IV. Governance and the political economy of tax incentives for businesses .-- V. Policy challenges. 2020-02-27T20:54:27Z 2020-02-27T20:54:27Z 2020-02-27 Texto Documento Completo https://hdl.handle.net/11362/45204 LC/TS.2020/19 en Documentos de Proyectos .pdf 28 páginas. application/pdf AMERICA LATINA Y EL CARIBE LATIN AMERICA AND THE CARIBBEAN ECLAC OXFAM |
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Cepal |
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Libros Digitales Cepal |
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Sistema Integrado de Documentación |
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Libros Digitales Cepal |
| format |
Libro en línea |
| title |
Tax incentives for businesses in Latin America and the Caribbean. Summary |
| spellingShingle |
Tax incentives for businesses in Latin America and the Caribbean. Summary INCENTIVOS FISCALES EMPRESAS INDUSTRIALES EMPRESAS COMERCIALES INVERSIONES POLITICA FISCAL INGRESOS FISCALES MODELOS ECONOMETRICOS ANALISIS COSTO-BENEFICIO DESARROLLO ECONOMICO TAX INCENTIVES INDUSTRIAL ENTERPRISES BUSINESS ENTERPRISES INVESTMENTS FISCAL POLICY TAX REVENUES ECONOMETRIC MODELS COST-BENEFIT ANALYSIS ECONOMIC DEVELOPMENT |
| title_short |
Tax incentives for businesses in Latin America and the Caribbean. Summary |
| title_full |
Tax incentives for businesses in Latin America and the Caribbean. Summary |
| title_fullStr |
Tax incentives for businesses in Latin America and the Caribbean. Summary |
| title_full_unstemmed |
Tax incentives for businesses in Latin America and the Caribbean. Summary |
| title_sort |
tax incentives for businesses in latin america and the caribbean. summary |
| topic |
INCENTIVOS FISCALES EMPRESAS INDUSTRIALES EMPRESAS COMERCIALES INVERSIONES POLITICA FISCAL INGRESOS FISCALES MODELOS ECONOMETRICOS ANALISIS COSTO-BENEFICIO DESARROLLO ECONOMICO TAX INCENTIVES INDUSTRIAL ENTERPRISES BUSINESS ENTERPRISES INVESTMENTS FISCAL POLICY TAX REVENUES ECONOMETRIC MODELS COST-BENEFIT ANALYSIS ECONOMIC DEVELOPMENT |
| description |
This paper analyses tax incentive policies for businesses in Latin American countries to promote the discussion and review of these instruments with the aim of building tax systems that foster investment, while continuing to provide the necessary resources to attain the Sustainable Development Goals (SDGs).
The amount of revenue that is lost because of tax incentives is not insignificant, in terms of both the size of the economy and total government revenues and public spending on health, education and social care. Moreover, the few cost-benefit studies that have been carried out in the region show that these incentives are not cost efficient, so there is ample space to rationalize their use and to improve their design and focus.
The effectiveness of tax incentives depends, to a large extent, on good governance in their design, implementation, monitoring and evaluation, with particular importance given to transparency and accountability. Although the region has made progress in terms of measuring and publishing the fiscal cost of these incentives, there is still a long way to go to improve their governance. This document sets out guidelines in this regard. |
| publisher |
ECLAC |
| publishDate |
2020 |
| url |
https://hdl.handle.net/11362/45204 https://hdl.handle.net/11362/45204 |
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1764119076555194368 |
