Peru - Selected Issues in Fiscal Policy : Taxation and Equity
This report takes an in-depth look, from a policy perspective, at the trade-offs between increasing tax collection and improving the equity of the fiscal system. As part of this effort, the report places the Peruvian tax system in an international...
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| Language: | English |
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/undefined/378471630384987203/Peru-Selected-Issues-in-Fiscal-Policy-Taxation-and-Equity http://hdl.handle.net/10986/36221 |
| Summary: | This report takes an in-depth look, from
a policy perspective, at the trade-offs between increasing
tax collection and improving the equity of the fiscal
system. As part of this effort, the report places the
Peruvian tax system in an international context and
considers the key challenges the government is facing in its
drive to increase revenue. It also conducts qualitative and
quantitative analyses of the impact of taxes and transfers
on inequality and on the distribution of income. The report
then makes several policy proposals that would increase tax
collection without jeopardizing equity, and it then
simulates the impacts of these changes on collection and
equity. This advice spanned the 2012-2014 period, and
included research on several tax policy-related issues, such
as legal advice on double-taxation treaties and in-depth
analyses of tax exemptions. To keep the focus tight, some of
the work is not included in this report. Contributions were
originally written in Spanish to provide the Ministry of
Economy and Finance (MEF) with timely advice on the subject
and were discussed with the counterparts during and
immediately after its preparation. As a result of
prioritizing this process, two teams focused on different
areas of research and were able to contribute to the
analytical base behind the ongoing tax reform. The report
summarizes the main elements of this process and resulting
advice. It comes out at the same time as the finance
ministry announces the first set of tax reforms that were
informed by this work. |
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