<b>The Brazilian tax system and Latin America: a comparative analysis</b> - doi: 10.4025/actascihumansoc.v35i1.19734

  • Nelson Leitao Paes Universidade Federal de Pernambuco
Keywords: tax revenues, taxation, tax structure

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.

 

 

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Author Biography

Nelson Leitao Paes, Universidade Federal de Pernambuco
Professor da Pós-Graduação em Economia da UFPE
Published
2013-06-13
How to Cite
Paes, N. L. (2013). <b>The Brazilian tax system and Latin America: a comparative analysis</b&gt; - doi: 10.4025/actascihumansoc.v35i1.19734. Acta Scientiarum. Human and Social Sciences, 35(1), 85-95. https://doi.org/10.4025/actascihumansoc.v35i1.19734
Section
Economy