IMF Imposes Pressure on Bolivia to Increase Corporate Tax Collection

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Monday, September 1, 2003
Author: 
Bruce Zagaris
Volume: 
19
Issue: 
9
347
Abstract: 
On July 20, 2003, the media reported that the Bolivian Government, under intense pressure from the International Monetary Fund to meet fiscal targets and avoid economic collapse, is planning significant efforts to increase corporate tax collection efforts. The Bolivian Congress was said to be about to approve amendments to the tax code that is designed to help recover approximately $400 million in arrears and force thousands of businesses into the formal sector for the first time … [more]