STABILIZATION AND GOVERNMENT DEFICITS
341
issues here are an
extension of the tax net
to the agricultural and services sec-
tors, reductions in the corporate and personal income tax
exemptions
, such
as for the export and small-scale sectors, strengthening
tax administration
to
reduce corruption and evasion to increase compliance and reduce the under-
mining of the collection of taxes, and moving to a full-fledged VAT with some
surcharges for luxuries.
10
Extension of the tax net has been significant but
improvements in fiscal administration still have a long way to go.
The third important aspect of a productive tax structure ...
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