In a stylised framework of fiscal policy determination that considers both structural targets and cyclical factors, we find significant cyclical asymmetry in the behaviour of fiscal variables in a sample of fourteen EU countries from 1970 to 2004, with budgetary balances (both overall and...

The paper presents the results of a reconstruction of the Italian public debt series since national unification. Computations use today's statistical methodology to obtain a database consistent with the national accounts. The reference sector is general government, not the state sector, as in...

In this paper we present a stylised framework of fiscal policy determination that considers both structural targets and cyclical factors. We find significant cyclical asymmetry in the behaviour of fiscal variables in a sample of fourteen EU countries over 1970-2004, with budgetary balances (both...

The approval of Decisions 599 and 600 on the Harmonization of Substantial and Procedural Aspects of Value Added Taxes and the Harmonization of Excise Type Taxes (VAT and selective taxes) by the Commission of the Andean Community is a notable victory for the Andean integration process and sets a...

Para lograr un adecuado equilibrio social y consolidar el funcionamiento del sistema democrático, los países han de contar con sistemas fiscales equitativos que favorezcan el desarrollo económico, que tengan capacidad recaudatoria para financiar un nivel adecuado de gasto público y con...

This paper analyzes the evolution and structure of taxation in the Mercosur countries. Specifically, it covers taxes on goods and services, including general excise taxes and excises taxes, and income taxes, both corporate and personal. It also discusses the role of the tax administration and...

This document discusses the effect of tax incentives on business activities and investment decisions. When taxation is not sound it hurts the business climate and hampers economic activities. Since the primary intent of tax incentives is to encourage capital accumulation in specific activities...