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Explaining Changes in Tax Burdens in Latin America
Most Latin American countries have more than enough infrastructure needs and social service demands to justify raising taxes. Still, on average, tax revenues in Latin America are below their potential. Fiscal woes are not unique to the region. The U.S. is also in need of major infrastructure and social investments and the discussion has focused on cutting rather than raising … [Read more...] about Explaining Changes in Tax Burdens in Latin America
Time to Adjust: But How, and When?
Most countries in Latin America and the Caribbean are running significant structural fiscal deficits and debt levels are rising. At current rates of growth, the unpleasant arithmetic of debt sustainability indicates that unless something changes the continent will soon lose its much heralded “improved fundamentals” and may even risk becoming the “continent of crises” once … [Read more...] about Time to Adjust: But How, and When?