OECD Tax Policy Reviews
This report is part of the OECD Tax Policy Reviews publication series. The Reviews are intended to provide independent, comprehensive and comparative assessments of OECD member and non-member countries' tax systems. Drawing primarily on OECD Revenue Statistics data prior to the COVID-19 pandemi...
| Autor principal: | |
|---|---|
| Autor Corporativo: | |
| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Paris :
Organization for Economic Cooperation & Development
2022.
|
| Edición: | 1st ed |
| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009704861806719 |
Tabla de Contenidos:
- Intro
- Foreword
- Executive summary
- 1 Introduction
- Background and methodology
- Structure
- 2 Tax revenues and income levels
- Chile's GDP per capita remains relatively low, despite its relative convergence with the OECD average over the past 30 years
- Chile's tax-to-GDP remains among the lowest in the OECD, despite its convergence with the OECD over recent years
- Tax-to-GDP ratios are weakly positively correlated with income levels, but there is significant heterogeneity across countries and outliers drive the relationship
- 3 Tax structures Chile's tax structure differs significantly from the OECD average, it is more concentrated in VAT and CIT revenues and less so in PIT and SSC revenues
- Some aspects of Chile's tax structure are atypical such as the small role of SSCs and the large role of compulsory contributions to the private sector
- Compulsory contributions to the private sector play a role in several OECD countries
- Chile's tax-to-GDP ratio remains relatively low, regardless of whether SSCs are excluded or contributions to private sector are included Since 1990, Chile narrowed the tax-to-GDP gap with the OECD relatively faster when the tax-to-GDP is adjusted to account for Chile's atypical tax structure
- Broadly similar tax rates in Chile and the OECD point to low tax revenues driven by a narrow tax base, particularly in the case of PIT
- 4 Tax convergence
- A growing tax-to-GDP over time has been the historical norm across countries on average, but is far from guaranteed in individual countries
- Evidence points to tax convergence among countries over time Empirical evidence supports the notion that low tax-to-GDP OECD countries catch-up over time (beta convergence)
- Chile's tax mix has converged slowly with the OECD average tax mix, but more slowly than individual countries (sigma convergence)
- Chile's tax structure differs significantly from the OECD average
- Chile's tax structure gap with the OECD is driven by VAT and PIT, when contributions to the private sector are included in SSCs
- Some evidence suggests that lower income countries have the potential for faster subsequent tax-to-GDP growth
- 5 A tax-to-GDP ratio path for the future Chile's tax-to-GDP is low when compared with countries when they were at a similar level of economic development to Chile
- A decade after OECD countries had similar incomes to Chile, the tax-to-GDP ratio had risen by three percentage points
- While Chile's tax-to-GDP ratio path may have been set to rise, the COVID-19 pandemic and subsequent economic conditions have raised new challenges
- References
- Notes.
