Jaramillo, Christian R.; Tovar, Jorge - In: REVISTA DE ECONOMÍA DEL ROSARIO (2007)
.*********************************************************************************************************************This paper discusses the way in which the Colombian Tax Codedetermines the taxable base of the value added tax (VAT). Our … analysis showsthat the Colombian legislation fails to exploit some of the theoretical advantagesof the tax, as it induces … inefficiencies and show that while the Colombian VAT is clearly superiorto a general sales tax, it is inferior to the theoretical …
