The asymmetry of investment flows makes the application of the concept of world income inevitably generates more revenue to the states of powerful economies than those of small ones.
In his opinion piece in Elfinancierocr.com, Manrique Blen points to the difficulties that countries with small economies face when they sign double taxation treaties, as, depending on the characteristics of the signed agreements, they can stop receiving tax revenues that they could have received had they not joined the treaty.
Tax revenues in relation to GDP increased in the Central American countries with the exceptions of Guatemala, where it fell, and Costa Rica, where it did not change.
A report entitled "Tax Statistics" prepared by the Organization for Economic Cooperation and Development (OECD), analyzes the behavior of tax collection in Latin America.
While Nicaragua and Panama have sustainable levels of public debt, for El Salvador, Honduras and Costa Rica the prognosis is "reserved" .
Recent analysis by the Central American Institute for Fiscal Studies (Icefi) reflects very different fiscal situations in each country.
An article in Prensalibre.com states that "data from the report indicates that the country with the greatest debt is El Salvador, as in 2011 it reached 50% of GDP, in 2012 it increased to 52% and it is expected to reach about 54% in 2013.
The International Monetary Fund is warning that adjustments are needed in order to increase tax revenues and reduce the state's fiscal deficit.
They note that "... the tax reform passed in 2012, which came into effect on January 1 this year, broadens the tax base and gives the government more tools to enforce fiscal and supervisory controls and eliminates tax exemptions and reduces corporate tax rates," noted an article in S21.com.gt.
Analysis of the evolution of fiscal policy in the isthmus, as a reflection of the reconfiguration and influence of the economic elite in the region.
The report "Fiscal policy, elite groups and the state in contemporary Central America" by the Central Institute for Fiscal Studies (Icefi), "recognizes how powerful the present elite groups are and how much influence they have in each of the countries.
The IADB loan to Guatemala for the purpose of "generating more tax revenue" is another example of the current inflation of funding promoted by international bureaucracy to pay the salaries of national bureaucracies.
EDITORIAL
An article by Jose Raul Gonzales in the blog of Guatemala's economic think tank CIEN, reveals one of the many cases in which international financial organizations, supposedly created to help nations develop, engage in financing consulting activities, which end up being just expenses instead of financing real economic sectors.
Leaders of business associations in the region have indicated that governmental arbitrariness is interfering in Central America’s development.
A statement from the Federation of Chambers of Commerce of Central America (FECAMCO) reads:
Business organizations in the region which make up the Federation of Chambers of Commerce of Central America (FECAMCO) when meeting in Miami, Florida, USA, expressed their "great concern" about the institutional crisis in El Salvador, which they described as an "assault on the rule of law."
The OECD has included both countries in the list of countries that do not meet global standards on transparency in fiscal reporting.
Although the signing of the minimum number of bilateral tax information exchange agreements has allowed countries such as Costa Rica and Uruguay to leave the ‘gray list’ maintained by the Organization for Economic Cooperation and Development, now the challenge is to pass the scrutiny of filters detecting whether local regulations are effective in allowing tax information to be provided in a transparent manner.
The four candidates leading the polls, Otto Pérez Molina, Sandra Torres, Eduardo Suger and Harold Caballeros, have presented their fiscal policy.
Otto Pérez Molina of the Patriota Party, is urging the adoption of a fiscal pact, and said of tax increases, "During my administration we will have to consider whether an increase (in tax) is necessary or not."
The Ministry of Public Finance has placed more than $50 million in dollars and quetzals on the market.
The treasury bonds have been issued both in quetzales and dollars, each for various time periods.
A report by Byron Dardón to La Prensa Libre states: "Of the total registered bonds, 81.8% are from the private sector and 18.2% from the public sector .
Regulators will oversee sales operations and transfer of funds from multinational companies based in the country and overseas branches.
The Superintendence of Tax Administration will create an international audit department, which will start operations in March.
Rudy Villeda, Superintendent of Tax Administration, told Prensalibre.com, "The idea is to have more information from multinationals with related companies abroad, as they sometimes affirm they declare taxes in other jurisdictions and that must be verified".
A critical view of the simplistic methods used in calculating the tax burden that supports an economy.
When analyzing a tax reform proposal, the first argument considered is what is the percentage of taxes collected by the state in relation to the Gross Domestic Product (GDP) of the country.
Juan Carlos Hidalgo, on his blog at Elfinancierocr.com, shows with solid arguments, the fallacy of comparing, without thorough analysis, the public figures of the ratio of tax revenue to GDP, which leads to erroneous conclusions which usually hide the main problem: the spending inefficiency demonstrated by the state with the money collected through taxes.
After four failed attempts in Congress, the Government will resume the subject next year.
Rolando Del Cid Pinillos, Finance Minister, said that this time, the government will not make a large public consultation, but will negotiate with all productive sectors on a case-to-case basis.
"We need to study tax breaks, because there are some that are no longer useful and may disappear, we are checking thoroughly to remove these privileges," the minister told Sigloxxi.com,"... the government is in disposition of giving in order to get."