Latin America and the Caribbean: Tax revenues expected to recover after dip in 2016
Tax revenues in Latin America and the Caribbean (LAC) dipped in 2016, falling further behind average OECD country levels, but a recovery is likely in subsequent years, according to Revenue Statistics in Latin America and the Caribbean 1990-2016 / Estadísticas tributarias en América Latina y el Caribe 1990-2016. The average tax-to-GDP ratio stood at 22.7% in 2016, a fall of 0.3 percentage points since 2015, the report says. This was announced ...