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El Gasto Tributario en Colombia : una propuesta de evaluacion integral y sistematica de este instrumento de politica publica (Spanish)

This document is organized into three parts. The first part provides an overview of tax expenditures in Colombia. The second part addresses the issues of measuring the revenue loss of tax expenditures. In the third and final part there is a comprehensive assessment of three major tax expenditures in effect. In this sense, the analytical approach of the report begins with a broad and comprehensive perspective on the subject of tax expenditures, and ends with a comprehensive and detailed analysis of some specific examples. The authors contend that the growing trend in the number of tax expenditures, observed over the last decade is worrying because there is no knowledge about the net benefit to society can be derived using this instrument of public policy. To improve the management of tax expenditures in Colombia, they propose a strategy that includes the following measures: (1) greater transparency in the process of establishment of tax expenditures, (2) introduction of fiscal rules, (3) gradual reduction the gap between general and special rates on the income tax (ISR) and reduced proliferation in VAT rates, (4) implementation of a comprehensive assessment process of tax expenditures, (5) establishment of dates of effectiveness of these incentives, and (6) review of the requirements for access to certain benefits.

Details

  • Author

    Moller,Lars Christian, Junquera-Varela,Raul Felix, Alvarez,Daniel Egidio

  • Document Date

    2012/06/01

  • Document Type

    Other Financial Sector Study

  • Report Number

    65879

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Colombia,

  • Region

    Latin America & Caribbean,

  • Disclosure Date

    2012/07/11

  • Disclosure Status

    Disclosed

  • Doc Name

    El Gasto Tributario en Colombia : una propuesta de evaluacion integral y sistematica de este instrumento de politica publica

  • Keywords

    accountability, adjustment lending, Article, bailouts, Balance of Payments, borrower, budget constraints, budget management, budget process, budget system, Budgetary allocations, budgetary appropriations, budgetary resources, Capital expenditure, capital expenditures, Capital Formation, capital inflows, Central Government, civil service, commodity prices, conditionality, contingent liabilities, corporate income tax, corporate income tax base, cost of capital, cost-effectiveness, Currency, current account deficits, Debt, debt management, debt maturity, debt service, debt servicing, debt sustainability, disbursement, disbursements, domestic interest rates, economic conditions, economic growth, economic recovery, education services, efficiency gains, entitlements, Exchange Rate, Exchange Rates, exogenous incomes, expenditure, Expenditure Control, expenditure priorities, Expenditures, Extended Fund Facility, external debt, finances, financial crisis, financial institutions, financial intermediation, financial management, financial policy, financial sector, Financial Statistics, financial system, financial transactions, fiscal accounts, FISCAL ADJUSTMENT, fiscal balance, fiscal condition, fiscal conditions, fiscal costs, fiscal crisis, fiscal deficit, fiscal deficit target, fiscal deficits, fiscal flexibility, fiscal imbalances, FISCAL OPERATIONS, fiscal outcomes, fiscal performance, fiscal policy, Fiscal Position, fiscal problems, fiscal projections, fiscal reform, fiscal rigidities, Fiscal Risk, fiscal savings, fiscal stability, fiscal sustainability, fiscal system, fiscal targets, fiscal transfers, government accounts, government expenditures, government performance, Gross Domestic Product, growth rate, higher interest, higher interest rates, income tax, income taxes, inflation, Institutional Development, Interest Expenditures, Interest Payments, Intergovernmental Fiscal Relations, Intergovernmental transfers, International Financial Statistics, international interest, international markets, lending instrument, liquidity, liquidity problems, LOAN, Loan Appraisal, local governments, Local taxation, macroeconomic framework, macroeconomic situation, macroeconomic stability, macroeconomic variables, maturity, medium-term fiscal framework, military spending, Ministry of Finance, municipalities, National Government, National Planning, net lending, net present value, oil prices, opportunity cost, organic budget law, outstanding debt, payroll taxes, pension, Pension Fund, pension liabilities, pension reform, pension system, Pensions, PERFORMANCE ASSESSMENT, Performance monitoring, personal income, personal income tax, perverse incentives, portfolio, Poverty Reduction, Poverty Reduction Strategy, private sector, programs, Public Administration, Public Debt, public debt management, Public Enterprises, public expenditure, public expenditures, Public Financial Management, Public health, public health services, public hospitals, public procurement, Public Sector, public sector deficit, public sector employment, Public Sector Procurement, Public Sector Reform, public services, public spending, reform process, reform program, regional governments, renegotiation, reserve, reserves, return, service providers, service provision, social policies, social programs, Social Protection, Social Security, social security system, social services, spending levels, stated objective, stated objectives, STRUCTURAL ADJUSTMENT, structural deficit, structural reform, structural reforms, sub-national governments, Tax Administration, tax base, tax collection, tax expenditures, tax policy, tax rate, tax rates, Tax Reform, Tax revenue, Tax Revenues, tax structure, tax system, tax systems, Total expenditure, trading, tranche, tranches, transparency, Treasury

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Citation

Moller,Lars Christian Junquera-Varela,Raul Felix Alvarez,Daniel Egidio

El Gasto Tributario en Colombia : una propuesta de evaluacion integral y sistematica de este instrumento de politica publica (Spanish). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/945121468022751656/El-Gasto-Tributario-en-Colombia-una-propuesta-de-evaluacion-integral-y-sistematica-de-este-instrumento-de-politica-publica