Comprehensive tax reform: the Colombian experience
Gespeichert in:
| Format: | Buch |
|---|---|
| Sprache: | English |
| Veröffentlicht: |
Washington, DC
Internat. Monetary Fund
1995
|
| Schriftenreihe: | International Monetary Fund: Occasional paper
123 |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | VIII, 67 S. |
| ISBN: | 1557754640 1557754306 |
Internformat
MARC
| LEADER | 00000nam a2200000 cb4500 | ||
|---|---|---|---|
| 001 | BV010271114 | ||
| 003 | DE-604 | ||
| 007 | t | ||
| 008 | 950628s1995 |||| 00||| eng d | ||
| 020 | |a 1557754640 |9 1-55775-464-0 | ||
| 020 | |a 1557754306 |9 1-55775-430-6 | ||
| 035 | |a (OCoLC)32199188 | ||
| 035 | |a (DE-599)BVBBV010271114 | ||
| 040 | |a DE-604 |b ger |e rakddb | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-739 |a DE-20 |a DE-N2 |a DE-188 | ||
| 050 | 0 | |a HG230.3 | |
| 050 | 0 | |a HJ2545 | |
| 082 | 0 | |a 336.2/05/09861 |2 20 | |
| 245 | 1 | 0 | |a Comprehensive tax reform |b the Colombian experience |c ed. by Parthasarathi Shome, with contributions from David Dunn ... |
| 264 | 1 | |a Washington, DC |b Internat. Monetary Fund |c 1995 | |
| 300 | |a VIII, 67 S. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 1 | |a International Monetary Fund: Occasional paper |v 123 | |
| 650 | 7 | |a Belastinghervormingen |2 gtt | |
| 650 | 4 | |a Política fiscal - Colombia | |
| 650 | 4 | |a Steuer | |
| 650 | 4 | |a Taxation |z Colombia | |
| 650 | 0 | 7 | |a Steuerreform |0 (DE-588)4057455-6 |2 gnd |9 rswk-swf |
| 651 | 7 | |a Kolumbien |0 (DE-588)4031812-6 |2 gnd |9 rswk-swf | |
| 689 | 0 | 0 | |a Kolumbien |0 (DE-588)4031812-6 |D g |
| 689 | 0 | 1 | |a Steuerreform |0 (DE-588)4057455-6 |D s |
| 689 | 0 | |5 DE-604 | |
| 700 | 1 | |a Shome, Parthasarathi |d 1950- |e Sonstige |0 (DE-588)129760951 |4 oth | |
| 700 | 1 | |a Dunn, David |d 19XX- |e Sonstige |0 (DE-588)12634518X |4 oth | |
| 830 | 0 | |a International Monetary Fund: Occasional paper |v 123 |w (DE-604)BV002597241 |9 123 | |
| 856 | 4 | 2 | |m HBZ Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006832612&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-006832612 | |
Datensatz im Suchindex
| _version_ | 1806961521725538304 |
|---|---|
| adam_text |
Contents
Page
Preface vii
I. Introduction I
Parthasarathi Shome
A Latin American Perspective 1
History of Colombian Tax Reform 1
Objectives and Main Measures of Tax Reforms 2
II. Value Added Tax Issues 4
Parthasarathi Shome
Structural Aspects 4
Potential Versus Actual Revenue Collections 4
Calculation Using Input Output Matrix 4
Calculations Made on the Basis of Declarations 5
Revenue Loss from Crediting VAT on Capital Goods 6
III. Income Tax Issues 8
Erik Haindl, David Dunn, and Osvaldo Schenone
Tax Reform and Investment 8
Assessing the User Cost of Capital 9
Savings Investment Gap 10
Effect of 1986 Tax Reform on the Investment Rate 10
Specific Impacts on the Investment Rate 11
Potential Versus Actual Revenue Collections 13
A Summary of Studies Initiated by the DIN 13
An Alternative Approach 14
Improving the Procedures 16
Inflation Adjustment 17
The Nature of the Problem 17
Inflation Adjustment in Colombia 18
Revenue Effects 18
IV. Customs Tariff Reform 20
Osvaldo Schenone
Introduction 20
Developments Preceding the 1991 Reform 21
August 1991 Tariff Reform 21
Early Implementation of the Tariff Reform 21
Tariffs Before and After Decree No. 2095 22
Surcharges Before and After Decree No. 2096 22
Impact on Effective Protection 22
D
Page
Cost and Financing of Faster Trade Liberalization 23
Aggregate Procedure 23
Tariff Item Procedure 24
A Complementary Policy 25
An Alternative Complementary Policy 25
Treatment of Exemptions to Tariffs, Surcharges, and the VAT 26
Summing Up 28
V. Conclusions and Future Directions for Reform 30
Arnold C. Harberger
Customs Tariff Reform 30
The Income Tax on Juridical Persons 31
Integration with the Tax on Natural Persons 31
Dealing with Evasion 32
The Value Added Tax 33
Exempted Sectors 33
Exemption of Selected Imports 33
Elimination of Special VAT Rates 34
The Future of the General Rate of the VAT 34
Indexing the Tax System for Business Firms 35
Tax Incentives 36
Conclusion 37
Appendices
I. Summary of Tax System as of June 30, 1994 38
II. Potential VAT Collections from the Input Output Matrix and
Taxpayer Declarations 42
III. User Cost of Capital 49
IV. Disaggregated Investment and Savings Model 53
V. Adjustments Needed to Obtain Potential Income Tax Base 57
VI. Customs Tariffs: Computing the Change in Fiscal Receipts 60
Bibliography 64
Tables
Section
I. 1. Total Tax Revenue 2
II. 2. Comparison of Gross VAT and VAT Credited on the Basis of the
Input Output Matrix with VAT Calculated from Taxpayer
Declarations, 1988 6
Page
3. VAT Treatment of Capital Goods Before and After Passage of
Law No. 6, 1992 7
III. 4. Summary of Direct Tax Rates 9
5. User Cost of Capital 10
6. Gap in the Savings Investment Market 10
7. Market Risk Premium 11
8. Increase in Investment Rates, 1983 89 11
9. Impact on the Investment Rate 12
10. Estimates of Income Tax Evasion by the Center for Fiscal'
Studies 14
11. Formula Used by the Center for Fiscal Studies to Estimate
Income Tax Evasion 15
12. Calculation of Potential Taxable Income and Income Tax Evasion 16
13. Breakdown of the Inflation Adjustment of the 100 Largest
Taxpayers, 1993 18
14. Corporate Income Tax: Adjustment for Inflation, Statutory
Deduction, and Net Effect, 1993 19
IV. 15. Average Tariffs and Tariff Surcharges 21
16. Effective Protection by Use or Economic Purpose of Goods,
Before and After Issuance of Decree No. 2095 24
17. Estimations of the Fiscal Cost of Accelerated Opening by the National
Planning Department (PLAN) and Ministry of Finance (FIN) 25
18. Effective Rates of Customs Taxes 26
19. Collections, Exemptions, and Imports at All Customhouses,
January June 1991 27
Appendices
II. 20. Potential VAT Collections Prior to Passage of Law No. 49 43
21. Potential VAT Collections After Passage of Law No. 49 44
22. Potential VAT Collections: An Alternative Structure 45
23. Collections Calculated on the Basis of VAT Declarations Prior to
Passage of Law No. 49 46
24. VAT Credit for Capital Goods of Large Taxpayers in Bogota 48
III. 25. User Cost of Capital 50
26. Rate of Return on Shares 51
27. Rate of Return on Debt 51
28. Rates of Taxes and Margins 51
29. Present Value of Depreciation (Z) 52
30. Parameters for Computing the User Cost of Capital 52
IV. 31. Private Savings Equation, 1970 89 54
32. Private Investment Equation, 1970 89 55
33. Estimated Impact of Change in Variables on the Investment Rate 56
34. Estimated Impact on Variables of Reduction in Tax Gap, 1986 89 56
V. 35. Calculation of Adjusted Income for Income Tax 58
36. Calculation of Depreciation Allowances for Income Tax 59
VI. 37. Estimation of Annual Change in Collections of Tariffs and
Surcharges in 1992, Based on Alternative Demand Elasticity
Values (in 1990 Prices) 61
38. Estimation of Annual Change in Collections of Tariffs and Surcharges
in 1992, Based on Alternative Demand Elasticity Values and a
Uniform Surcharge of 8 Percent (in 1990 Prices) 62
39. Tax Reimbursement Certificates (CERTs) Issued 62
40. Legal Provisions Concerning Import Exemptions 63
Page
Charts
Section
III. 1. Investment and Savings 11
IV. 2. Distribution of Tariffs Before and After Issuance of Decree
No. 2095 22
3. Distribution of Taxation, With and Without Surcharges, After Issuance
of Decree No. 2095 23
4. Distribution of Taxation Using Current and Uniform Surcharges 26
The following symbols have been used throughout this paper:
. to indicate that data are not available;
— to indicate that the figure is zero or less than half the final digit shown, or that the item
does not exist;
between years or months (e.g., 1991 92 or January June) to indicate the years or months
covered, including the beginning and ending years or months;
/ between years (e.g., 1991/92) to indicate a crop or fiscal (financial) year.
"Billion" means a thousand million.
Minor discrepancies between constituent figures and totals are due to rounding.
The term "country," as used in this paper, does not in all cases refer to a territorial entity
that is a state as understood by international law and practice; the term also covers some ter¬
ritorial entities that are not states, but for which statistical data are maintained and provided
internationally on a separate and independent basis. |
| any_adam_object | 1 |
| author_GND | (DE-588)129760951 (DE-588)12634518X |
| building | Verbundindex |
| bvnumber | BV010271114 |
| callnumber-first | H - Social Science |
| callnumber-label | HG230 |
| callnumber-raw | HG230.3 HJ2545 |
| callnumber-search | HG230.3 HJ2545 |
| callnumber-sort | HG 3230.3 |
| callnumber-subject | HG - Finance |
| ctrlnum | (OCoLC)32199188 (DE-599)BVBBV010271114 |
| dewey-full | 336.2/05/09861 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 336 - Public finance |
| dewey-raw | 336.2/05/09861 |
| dewey-search | 336.2/05/09861 |
| dewey-sort | 3336.2 15 49861 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nam a2200000 cb4500</leader><controlfield tag="001">BV010271114</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">950628s1995 |||| 00||| eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1557754640</subfield><subfield code="9">1-55775-464-0</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1557754306</subfield><subfield code="9">1-55775-430-6</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)32199188</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV010271114</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakddb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-739</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-N2</subfield><subfield code="a">DE-188</subfield></datafield><datafield tag="050" ind1=" " ind2="0"><subfield code="a">HG230.3</subfield></datafield><datafield tag="050" ind1=" " ind2="0"><subfield code="a">HJ2545</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">336.2/05/09861</subfield><subfield code="2">20</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Comprehensive tax reform</subfield><subfield code="b">the Colombian experience</subfield><subfield code="c">ed. by Parthasarathi Shome, with contributions from David Dunn ...</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, DC</subfield><subfield code="b">Internat. Monetary Fund</subfield><subfield code="c">1995</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">VIII, 67 S.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">International Monetary Fund: Occasional paper</subfield><subfield code="v">123</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Belastinghervormingen</subfield><subfield code="2">gtt</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Política fiscal - Colombia</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Steuer</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Taxation</subfield><subfield code="z">Colombia</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Steuerreform</subfield><subfield code="0">(DE-588)4057455-6</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="651" ind1=" " ind2="7"><subfield code="a">Kolumbien</subfield><subfield code="0">(DE-588)4031812-6</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Kolumbien</subfield><subfield code="0">(DE-588)4031812-6</subfield><subfield code="D">g</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Steuerreform</subfield><subfield code="0">(DE-588)4057455-6</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="5">DE-604</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Shome, Parthasarathi</subfield><subfield code="d">1950-</subfield><subfield code="e">Sonstige</subfield><subfield code="0">(DE-588)129760951</subfield><subfield code="4">oth</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Dunn, David</subfield><subfield code="d">19XX-</subfield><subfield code="e">Sonstige</subfield><subfield code="0">(DE-588)12634518X</subfield><subfield code="4">oth</subfield></datafield><datafield tag="830" ind1=" " ind2="0"><subfield code="a">International Monetary Fund: Occasional paper</subfield><subfield code="v">123</subfield><subfield code="w">(DE-604)BV002597241</subfield><subfield code="9">123</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">HBZ Datenaustausch</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006832612&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-006832612</subfield></datafield></record></collection> |
| geographic | Kolumbien (DE-588)4031812-6 gnd |
| geographic_facet | Kolumbien |
| id | DE-604.BV010271114 |
| illustrated | Not Illustrated |
| indexdate | 2024-08-10T01:19:53Z |
| institution | BVB |
| isbn | 1557754640 1557754306 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-006832612 |
| oclc_num | 32199188 |
| open_access_boolean | |
| owner | DE-739 DE-20 DE-N2 DE-188 |
| owner_facet | DE-739 DE-20 DE-N2 DE-188 |
| physical | VIII, 67 S. |
| publishDate | 1995 |
| publishDateSearch | 1995 |
| publishDateSort | 1995 |
| publisher | Internat. Monetary Fund |
| record_format | marc |
| series | International Monetary Fund: Occasional paper |
| series2 | International Monetary Fund: Occasional paper |
| spelling | Comprehensive tax reform the Colombian experience ed. by Parthasarathi Shome, with contributions from David Dunn ... Washington, DC Internat. Monetary Fund 1995 VIII, 67 S. txt rdacontent n rdamedia nc rdacarrier International Monetary Fund: Occasional paper 123 Belastinghervormingen gtt Política fiscal - Colombia Steuer Taxation Colombia Steuerreform (DE-588)4057455-6 gnd rswk-swf Kolumbien (DE-588)4031812-6 gnd rswk-swf Kolumbien (DE-588)4031812-6 g Steuerreform (DE-588)4057455-6 s DE-604 Shome, Parthasarathi 1950- Sonstige (DE-588)129760951 oth Dunn, David 19XX- Sonstige (DE-588)12634518X oth International Monetary Fund: Occasional paper 123 (DE-604)BV002597241 123 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006832612&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Comprehensive tax reform the Colombian experience International Monetary Fund: Occasional paper Belastinghervormingen gtt Política fiscal - Colombia Steuer Taxation Colombia Steuerreform (DE-588)4057455-6 gnd |
| subject_GND | (DE-588)4057455-6 (DE-588)4031812-6 |
| title | Comprehensive tax reform the Colombian experience |
| title_auth | Comprehensive tax reform the Colombian experience |
| title_exact_search | Comprehensive tax reform the Colombian experience |
| title_full | Comprehensive tax reform the Colombian experience ed. by Parthasarathi Shome, with contributions from David Dunn ... |
| title_fullStr | Comprehensive tax reform the Colombian experience ed. by Parthasarathi Shome, with contributions from David Dunn ... |
| title_full_unstemmed | Comprehensive tax reform the Colombian experience ed. by Parthasarathi Shome, with contributions from David Dunn ... |
| title_short | Comprehensive tax reform |
| title_sort | comprehensive tax reform the colombian experience |
| title_sub | the Colombian experience |
| topic | Belastinghervormingen gtt Política fiscal - Colombia Steuer Taxation Colombia Steuerreform (DE-588)4057455-6 gnd |
| topic_facet | Belastinghervormingen Política fiscal - Colombia Steuer Taxation Colombia Steuerreform Kolumbien |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006832612&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV002597241 |
| work_keys_str_mv | AT shomeparthasarathi comprehensivetaxreformthecolombianexperience AT dunndavid comprehensivetaxreformthecolombianexperience |