<b>The Brazilian tax system and Latin America: a comparative analysis</b> - doi: 10.4025/actascihumansoc.v35i1.19734
Abstract
Current essay is a comparative study on the tax systems of Latin American countries with special reference to the evolution of revenues, tax rates and revenue composition. The revenues of a typical Latin American country are lower than the average revenues of developed countries, with a great concentration on indirect taxation. A strong correlation between income and GDP per capita and between tax rates and revenues was confirmed, except for Corporate Income Tax. Tax load in Brazil is almost twice the Latin American average and close to that of developed countries. In the case of revenue composition, Brazil is an exception within the region´s standard since it relies less on consumption taxes and more on income taxes. It is worth mentioning that revenues from the Brazilian´s corporate income tax are relatively low within the context of its high tax rates.
Downloads
DECLARATION OF ORIGINALITY AND COPYRIGHTS
I Declare that current article is original and has not been submitted for publication, in part or in whole, to any other national or international journal.
The copyrights belong exclusively to the authors. Published content is licensed under Creative Commons Attribution 4.0 (CC BY 4.0) guidelines, which allows sharing (copy and distribution of the material in any medium or format) and adaptation (remix, transform, and build upon the material) for any purpose, even commercially, under the terms of attribution.
Read this link for further information on how to use CC BY 4.0 properly.
