Fiscal reform in Colombia : problems and prospects / edited by Richard M. Bird, James M. Poterba, and Joel Slemrod.

Cambridge, Mass. : MIT Press, [2005], ©2005.
329 pages : illustrations ; 24 cm


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Summary note
"Colombia, once a model of fiscal discipline for other Latin American nations, has seen its fiscal situation deteriorate since the early 1990s. Higher government spending, taxes that did not keep pace with expenditures, and severe recession led to an unsustainable debt-to-GDP ratio of 52 percent in 2002. Short-term tax increases, even coupled with spending reforms, have not restored Colombia to fiscal balance. A Colombian government commission charged with researching more long-term tax and fiscal reforms gave rise to the selected essays included in this book, each coauthored by Colombian and North American public finance experts. The analyses and recommendations have particular policy relevance for developing economies."--BOOK JACKET.
Bibliographic references
Includes bibliographical references and index.
  • Introduction / Richard Bird, Juan Jose Echavarria, James Poterba and Joel Slemrod
  • Interactions between public debt management and debt dynamics and sustainability : theory and application to Colombia / Maria Angelica Arbelaez, Nouriel Roubini and Maria Lucia Guerra
  • Equity and efficiency costs of raising tax revenue in Colombia / Thomas F. Rutherford, Miles K. Light and Felipe Barrera
  • Issues in Colombian tax administration / Jaime Vazquez-Caro and Joel Slemrod
  • Foreign direct investment and the business tax in Colombia / Juan Jose Echavarria and George R. Zodrow
  • Payroll taxes in Colombia / James Alm and Hugo Lopez-Castano
  • The bank debit tax in Colombia / Maria Angelica Arbelaez, Leonard E. Burman and Sandra Zuluaga
  • The dilemma of decentralization in Colombia / Olga Lucia Acosta and Richard M. Bird
  • Intergovernmental transfers and municipal finance in Colombia / Juan Camilo Chaparro, Michael Smart and Juan Gonzalo Zapata.
026202585X (alk. paper)
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