Institute of International and Area Studies
35 Baekbeom-Ro, Shin shu dong
Mapo-gu, Seoul 04107, Korea
NBER Working Papers and Publications
|November 2015||Tax Revenue Trends in Asia and Latin America: A Comparative Analysis|
with Joshua Aizenman, Yothin Jinjarak, Donghyun Park: w21755
We take stock of and compare tax revenue trends in Asia and Latin America. The tax revenues to GDP ratios increased significantly in both regions in the 2000s, although they remain visibly below European levels. Our analysis portrays a complex picture of the tax collection challenges facing developing countries. Overall, there remains sizable heterogeneity in the revenue performance of developing countries, and across regions. While progress has been made, the gap between the advanced economies and developing countries suggests ample room for future fiscal developments, and for more disaggregated studies of the tax mobilization challenges facing developing countries in the aftermath of the global financial crisis.