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Publication Date: April 2003
Publisher: Center for Economic and Policy Research
Author(s): John Schmitt
Research Area: Banking and finance
Keywords: Wealth redistribution; Sales tax; Household income
Type: Report
Abstract:
This paper explores the hypothetical effect of raising tax revenue in Latin American countries through a progressive taxation model. It finds that the benefits would be substantial, allowing for almost all of the region’s countries to double their heath and education spending.