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Tax Expenditures in Uruguay / Dirk Muir, Hector Perez-Saiz.
- Format:
- Book
- Government document
- Author/Creator:
- Muir, Dirk.
- Series:
- Selected Issues Papers; Selected Issues Paper ; No. 2025/143
- Selected Issues Papers
- Language:
- English
- Physical Description:
- 1 online resource (23 pages)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2025.
- Summary:
- With around 180 active tax expenditures and an estimated revenue foregone equivalent to about 6 percent of GDP in 2021, the third highest in Latin America, Uruguay offers a diverse array of tax breaks. This paper investigates the composition and trends of tax expenditures in Uruguay, benchmarking the results from a cross-country perspective. Since many of these incentives have endured for decades, previous literature suggest a detailed reevaluation of their costs and benefits would be beneficial. Macroeconomic simulations suggest that a relatively modest tax reform reducing tax expenditures could create additional space for productive public expenditure and enhance long-term growth.
- Notes:
- Description based on print version record.
- ISBN:
- 979-82-290-3006-9
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