Reform%20Priorities%20for%20Sub%2Dnational%20Revenues%20in%20Brazil

Policy Brief

Reform Priorities for Sub-national Revenues in Brazil


CODE: IDB-PB-157
AUTHOR(s): Ter-Minassian, Teresa
PUBLISHED: May 2012
LANGUAGE: English
RELATED TOPICS: Finance
DOWNLOAD FILE IN: English

Abstract:

This paper surveys the system of sub-national own revenues and the inter- governmental transfer system (including the sharing of oil revenues) in Brazil, highlighting their critical flaws. The latter include heavy reliance on a mixed- origin/destination-based value-added tax and many sub-national governments’ inadequate exploitation of the tax bases assigned to them. The paper then discusses reform priorities, outlining a comprehensive reform strategy and some initial steps that could be taken toward its implementation in the near term, as well as related political economy considerations.

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