Tuesday, January 21, 2014
Tweet[IWS] OECD: REVENUE STATISTICS IN LATIN AMERICA 1990-2012 [20 January 2014]
IWS Documented News Service
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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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Organisation for Economic Cooperation and Development (OECD)
REVENUE STATISTICS IN LATIN AMERICA 1990-2012 [20 January 2014]
http://www.latameconomy.org/en/revenue-statistics/11/
or
http://www.oecd-ilibrary.org/taxation/revenue-statistics-in-latin-america-2014_9789264207943-en-fr
or
[read online, 206 pages]
Press Release 20 January 2014
Latin America: Tax revenues continue to rise, but are low and varied among countries, according to new OECD-ECLAC-CIAT report
[excerpts]
20/01/2014 – Tax revenues in Latin American countries continue to rise but are lower as a proportion of their national incomes than in most OECD countries. The publication Revenue Statistics in Latin America 1990-2012 (third edition) shows that the average tax revenue to GDP ratio in the 18 Latin American and Caribbean countries covered by the report[1] increased steadily from 18.9% in 2009 to 20.7% in 2012 after falling from a high point of 19.5% in 2008.
...
A special chapter in the report describes the trends driving revenues from non-renewable natural resources across Latin America. Increased global demand for commodities, especially in large emerging markets, has led to sharp price increases and greater fiscal revenues associated with non-renewable natural resources. While these revenues increased at a faster rate than other government revenues before the crisis, their performance has been roughly 3 times more volatile than overall tax-to-GDP growth since 2000.
In many Latin American countries, fiscal revenues from non-renewable natural resources continue to be very important as a percentage of total revenues, accounting for more than 30% of the total in Bolivia, Ecuador, Mexico and Venezuela. This implies both a greater benefit from the revenues they generate as well as a higher level of risk due to the dynamics of the global market.
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