Tax Reforms in Hydrocarbons and Mining in Chile, Colombia and Peru 2021–2023

The objective of this chapter is to analyse the impact of recent tax reforms implemented by newly elected governments in Chile, Colombia and Peru, with special emphasis on the extractive industries. We focus on the need to improve the domestic capacity of tax and other revenue collection if the Unit...

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Main Authors: Humberto Campodónico, Armando Mendoza
Format: Article
Language:English
Published: Institut de Hautes Études Internationales et du Développement 2024-05-01
Series:Revue Internationale de Politique de Développement
Subjects:
Online Access:https://journals.openedition.org/poldev/6615
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author Humberto Campodónico
Armando Mendoza
author_facet Humberto Campodónico
Armando Mendoza
author_sort Humberto Campodónico
collection DOAJ
description The objective of this chapter is to analyse the impact of recent tax reforms implemented by newly elected governments in Chile, Colombia and Peru, with special emphasis on the extractive industries. We focus on the need to improve the domestic capacity of tax and other revenue collection if the United Nations Sustainable Development Goals are to be achieved.Tax reform projects are an important tool for natural-resource-rich countries as they allow them to promote tax progressivity by levying wealth and capital income, as stated at the First Latin American Summit for an Inclusive, Sustainable and Equitable Global Tax Order, held in Cartagena, Colombia in July 2023.This chapter analyses the results of the various policies, the difficulties encountered, the need to reach a consensus for tax reforms to be approved, the link between tax reforms and international proposals, and the extent of the changes needed to increase tax collection in order to meet outstanding social and environmental challenges.
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publishDate 2024-05-01
publisher Institut de Hautes Études Internationales et du Développement
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spelling doaj-art-e2c3baa254464547ac8a6f471246b3432025-08-20T01:55:58ZengInstitut de Hautes Études Internationales et du DéveloppementRevue Internationale de Politique de Développement1663-93751663-93912024-05-011710.4000/11q9cTax Reforms in Hydrocarbons and Mining in Chile, Colombia and Peru 2021–2023Humberto CampodónicoArmando MendozaThe objective of this chapter is to analyse the impact of recent tax reforms implemented by newly elected governments in Chile, Colombia and Peru, with special emphasis on the extractive industries. We focus on the need to improve the domestic capacity of tax and other revenue collection if the United Nations Sustainable Development Goals are to be achieved.Tax reform projects are an important tool for natural-resource-rich countries as they allow them to promote tax progressivity by levying wealth and capital income, as stated at the First Latin American Summit for an Inclusive, Sustainable and Equitable Global Tax Order, held in Cartagena, Colombia in July 2023.This chapter analyses the results of the various policies, the difficulties encountered, the need to reach a consensus for tax reforms to be approved, the link between tax reforms and international proposals, and the extent of the changes needed to increase tax collection in order to meet outstanding social and environmental challenges.https://journals.openedition.org/poldev/6615oil | fossil fuelstax and developmentcommoditiesminingillicit financial flows (IFFs)trade mispricing
spellingShingle Humberto Campodónico
Armando Mendoza
Tax Reforms in Hydrocarbons and Mining in Chile, Colombia and Peru 2021–2023
Revue Internationale de Politique de Développement
oil | fossil fuels
tax and development
commodities
mining
illicit financial flows (IFFs)
trade mispricing
title Tax Reforms in Hydrocarbons and Mining in Chile, Colombia and Peru 2021–2023
title_full Tax Reforms in Hydrocarbons and Mining in Chile, Colombia and Peru 2021–2023
title_fullStr Tax Reforms in Hydrocarbons and Mining in Chile, Colombia and Peru 2021–2023
title_full_unstemmed Tax Reforms in Hydrocarbons and Mining in Chile, Colombia and Peru 2021–2023
title_short Tax Reforms in Hydrocarbons and Mining in Chile, Colombia and Peru 2021–2023
title_sort tax reforms in hydrocarbons and mining in chile colombia and peru 2021 2023
topic oil | fossil fuels
tax and development
commodities
mining
illicit financial flows (IFFs)
trade mispricing
url https://journals.openedition.org/poldev/6615
work_keys_str_mv AT humbertocampodonico taxreformsinhydrocarbonsandmininginchilecolombiaandperu20212023
AT armandomendoza taxreformsinhydrocarbonsandmininginchilecolombiaandperu20212023