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Fiscal Policy in Colombia

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dc.contributor.author Moller, Lars Christian en_US
dc.date.accessioned 2017-06-05T16:39:47Z en_US
dc.date.accessioned 2017-06-10T00:01:01Z
dc.date.available 2017-06-05T16:39:47Z en_US
dc.date.available 2017-06-10T00:01:01Z
dc.date.issued 2012 en_US
dc.identifier.uri http://hdl.handle.net/10986/26883 en_US
dc.description.abstract Colombia has the seventh highest Gini coefficient of income inequality in the world. The Santos Administration is aware of this challenge and has taken important steps to reduce disparities. The Government is also aspiring to join the OECD, which exhibits much lower income disparities, mainly as a result of effective policies of fiscal redistribution. In Colombia, meanwhile, direct taxes, indirect taxes, and monetary transfers hardly dent the high Gini coefficient. To reduce income inequality, Colombian policy makers could consider introducing a more progressive tax-transfer system. This paper ranks alternative inequality-reducing fiscal policy options based on their effectiveness. It argues that there are potentially important redistributive potential gains available from tax reforms if combined with good spending decisions. It presents an illustrative reform package that would be sufficient for Colombia to reach levels of inequality similar to Chile or Costa Rica in a fiscally neutral manner. Nonetheless, further analysis is needed to explore all available policy options and identify those that are best suited for Colombia. en_US
dc.language English en_US
dc.language.iso en_US en_US
dc.publisher World Bank, Washington, DC en_US
dc.rights CC BY 3.0 IGO en_US
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo en_US
dc.subject ACCOUNTING en_US
dc.subject AGRICULTURE en_US
dc.subject BANK POLICY en_US
dc.subject BENEFICIARIES en_US
dc.subject BENEFIT INCIDENCE en_US
dc.subject CASH TRANSFER en_US
dc.subject CASH TRANSFERS en_US
dc.subject CENTRAL GOVERNMENT en_US
dc.subject CENTRAL GOVERNMENT SPENDING en_US
dc.subject COEFFICIENTS en_US
dc.subject COMMODITIES en_US
dc.subject CONSTITUTIONAL COURT en_US
dc.subject CONSUMERS en_US
dc.subject COST EFFECTIVENESS en_US
dc.subject DEBT en_US
dc.subject DERIVATIVE en_US
dc.subject DERIVATIVES en_US
dc.subject DEVELOPING COUNTRIES en_US
dc.subject DISPOSABLE INCOME en_US
dc.subject DISTRIBUTION OF INCOME en_US
dc.subject ECONOMIC DEVELOPMENT en_US
dc.subject EFFICIENCY IMPACT en_US
dc.subject EMERGING MARKET en_US
dc.subject EMERGING MARKET ECONOMIES en_US
dc.subject ESTIMATED TAX en_US
dc.subject FINANCIAL SERVICES en_US
dc.subject FINANCIAL TRANSACTION en_US
dc.subject FISCAL BALANCE en_US
dc.subject FISCAL DEFICIT en_US
dc.subject FISCAL DISCIPLINE en_US
dc.subject FISCAL IMPACT en_US
dc.subject FISCAL NEUTRALITY en_US
dc.subject FISCAL POLICY en_US
dc.subject FISCAL SAVINGS en_US
dc.subject FISCAL SPACE en_US
dc.subject FISCAL SUSTAINABILITY en_US
dc.subject FOOD PRICES en_US
dc.subject FOREIGN DIRECT INVESTMENT en_US
dc.subject GDP en_US
dc.subject GINI COEFFICIENT en_US
dc.subject GLOBAL STANDARDS en_US
dc.subject GOVERNMENT INTERVENTION en_US
dc.subject GROWTH RATES en_US
dc.subject HOLDING en_US
dc.subject HOUSEHOLD INCOME en_US
dc.subject HOUSEHOLD INCOMES en_US
dc.subject HUMAN DEVELOPMENT en_US
dc.subject IMPLICIT SUBSIDY en_US
dc.subject INCOME GROUP en_US
dc.subject INCOME INEQUALITY en_US
dc.subject INCOME LEVELS en_US
dc.subject INCOME SUBSIDY en_US
dc.subject INCOME TAX EXEMPTION en_US
dc.subject INCOME TAX REFORM en_US
dc.subject INDIRECT SUBSIDY en_US
dc.subject INDIRECT TAXATION en_US
dc.subject INFLATION en_US
dc.subject INSURANCE en_US
dc.subject INTEREST INCOME en_US
dc.subject INTEREST PAYMENTS en_US
dc.subject INVENTORY en_US
dc.subject LABOR MARKET en_US
dc.subject LEGAL CONSTRAINTS en_US
dc.subject LEVY en_US
dc.subject LIVING STANDARDS en_US
dc.subject MARKET TRANSACTIONS en_US
dc.subject MIDDLE INCOME COUNTRIES en_US
dc.subject MIDDLE INCOME COUNTRY en_US
dc.subject MINISTRY OF FINANCE en_US
dc.subject MONETARY FUND en_US
dc.subject MORTGAGE en_US
dc.subject MORTGAGE INTEREST en_US
dc.subject NATIONAL DEVELOPMENT en_US
dc.subject NATURAL RESOURCE en_US
dc.subject NET BENEFITS en_US
dc.subject NET REVENUE en_US
dc.subject NUMERICAL VALUE en_US
dc.subject OPTIMAL TAXATION en_US
dc.subject PAYROLL TAX en_US
dc.subject PAYROLL TAXES en_US
dc.subject PENSION en_US
dc.subject PENSION CONTRIBUTIONS en_US
dc.subject PENSION REFORM en_US
dc.subject PENSION SYSTEM en_US
dc.subject PENSIONS en_US
dc.subject PERSONAL INCOME en_US
dc.subject PERSONAL INCOME TAX en_US
dc.subject PERSONAL INCOME TAXES en_US
dc.subject POLICY ALTERNATIVES en_US
dc.subject POLICY INSTRUMENT en_US
dc.subject POLICY MAKERS en_US
dc.subject POLICY OBJECTIVES en_US
dc.subject POLICY RECOMMENDATIONS en_US
dc.subject POLICY REFORM en_US
dc.subject POLICY REFORMS en_US
dc.subject POLITICAL ECONOMY en_US
dc.subject POWER PARITY en_US
dc.subject PROGRESSIVE TAX en_US
dc.subject PROGRESSIVE TAXATION en_US
dc.subject PROTECTIONISM en_US
dc.subject PUBLIC CREDIT en_US
dc.subject PUBLIC OUTLAYS en_US
dc.subject PUBLIC PENSION en_US
dc.subject PUBLIC POLICY en_US
dc.subject PUBLIC SPENDING en_US
dc.subject PURCHASING POWER en_US
dc.subject REAL ESTATE en_US
dc.subject REDISTRIBUTION en_US
dc.subject REDISTRIBUTIVE EFFECTS en_US
dc.subject REDISTRIBUTIVE IMPACT en_US
dc.subject REDISTRIBUTIVE POLICIES en_US
dc.subject REGRESSIVE TAX en_US
dc.subject REMOTE AREAS en_US
dc.subject REPLACEMENT RATES en_US
dc.subject RETURNS en_US
dc.subject REVENUE GAINS en_US
dc.subject REVENUE MOBILIZATION en_US
dc.subject REVENUE SOURCE en_US
dc.subject SAVINGS ACCOUNT en_US
dc.subject SAVINGS ACCOUNTS en_US
dc.subject SECTORAL COMPOSITION en_US
dc.subject SOCIAL PROTECTION en_US
dc.subject SPECIAL SAVINGS en_US
dc.subject SUBNATIONAL en_US
dc.subject SUBNATIONAL ENTITIES en_US
dc.subject TAX en_US
dc.subject TAX AUTHORITY en_US
dc.subject TAX BASE en_US
dc.subject TAX BREAKS en_US
dc.subject TAX BURDEN en_US
dc.subject TAX CONTRIBUTIONS en_US
dc.subject TAX EXEMPTION en_US
dc.subject TAX EXEMPTIONS en_US
dc.subject TAX EXPENDITURE en_US
dc.subject TAX EXPENDITURES en_US
dc.subject TAX INCENTIVES en_US
dc.subject TAX PAYERS en_US
dc.subject TAX PAYMENTS en_US
dc.subject TAX POLICY en_US
dc.subject TAX RATE en_US
dc.subject TAX REFORM en_US
dc.subject TAX REFORMS en_US
dc.subject TAX REVENUE en_US
dc.subject TAX REVENUES en_US
dc.subject TAX SIDE en_US
dc.subject TAX SYSTEM en_US
dc.subject TAX SYSTEMS en_US
dc.subject TAX TREATMENT en_US
dc.subject TAXABLE INCOME en_US
dc.subject TAXATION en_US
dc.subject TAXATION POLICY en_US
dc.subject TOTAL EMPLOYMENT en_US
dc.subject TRANSACTION en_US
dc.subject TREASURY en_US
dc.subject UNEMPLOYMENT en_US
dc.subject VALUE ADDED en_US
dc.subject VALUE ADDED TAX en_US
dc.subject VALUE ADDED TAXES en_US
dc.subject WEALTH en_US
dc.subject WEALTH TAX en_US
dc.subject WEALTH TAXES en_US
dc.title Fiscal Policy in Colombia en_US
dc.title.alternative Politica fiscal en Colombia : aprovechamiento de su potencial para lograr una sociedad mas equitativa en_US
dc.type Report en_US
dc.rights.holder World Bank en_US
dc.title.subtitle Tapping Its Potential for a More Equitable Society en_US


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