Wednesday, January 15, 2014
Guatemala maintains its high ranking in... low taxation
Guatemala´s tax burden in 2013 was lower than expected: less than 11% of GDP. With this level of public income, it is almost impossible to meet any of the key development challenges that a country like Guatemala has. yet the likelihood of significant increases in the tax revenue are almost zero, a point Aaron Schneider made clearly in his 2012 book . Yet what are the main challenges for next year according to the Minister of Finance? Fiscal consolidation and to guarantee the payment of the public debt!