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Income Inequality and Poverty in Colombia - Part 2. The Redistributive Impact of Taxes and Transfers [electronic resource] / Isabelle Joumard and Juliana Londoño Vélez = Inégalités de revenu et pauvreté en Colombie - Partie 2. L'impact redistributif des impôts et prestations sociales / Isabelle Joumard et Juliana Londoño Vélez.

Author/Creator:
Joumard, Isabelle, author
Publication:
Paris : OECD Publishing, 2013.
Format/Description:
Government document
Book
1 online resource (27 pages)
Series:
OECD Economics Department Working Papers 18151973 ; no.1037.
OECD Economics Department Working Papers 18151973 ; no.1037
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Other Title:
Inégalités de revenu et pauvreté en Colombie - Partie 2. L'impact redistributif des impôts et prestations sociales
Subjects:
Social Issues/Migration/Health.
Taxation.
Economics.
Local subjects:
Colombia. (search)
Summary:
Income inequality in Colombia has declined since the early 2000s but remains very high by international standards. While most of the inequality originates from the labour market, wealth - and thus capital income - is also highly concentrated and the tax and transfer system has little redistributive impact. The tax-to-GDP ratio remains low. Consumption taxes, which tend to be regressive, account for the bulk. The progressivity of income taxes had been undermined by generous tax reliefs, which benefit the well-off most and increase tax avoidance opportunities. The tax system should be reformed to enhance progressivity and raise more revenue which could be used to expand social policies. Cash transfers to households are small and dominated by non-redistributive schemes such as contributory pensions. Education coverage has increased steadily but quality and equity in access at the tertiary level remain important issues. Though significant progress has been made towards universal health coverage, the financing and organisation of the health care system could be improved to raise the quality of care and reduce adverse incentives to remain in the informal sector.
Notes:
Title from title screen (viewed May 1, 2017).
Contributor:
Londoño Vélez, Juliana.
SourceOECD (Online Service)
Access Restriction:
Restricted for use by site license.