American

Inter-American Development Bank: Latin American Tax Reform Needed

The book calls the personal income tax regime an “empty shell” and says its weakness has “squandered the opportunity to attack the region’s serious income inequality”, according to a summary released by the IDB. The organization also argues that policymakers in the region see taxation as too limited of a tool – instead of simply a source of revenue, it says, taxes should be used as a tool of development.

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