Amazon.com description: Product Description: During the nineties, the revival of economic growth and the design of better tax systems enabled fiscal revenues in Latin America to reach an increase of 3 points of GDP. However, this effort has not been sufficient, considering the dynamics of public debt in an environment of high interest rates and low growth. In this paper, the main trends of tax burden and composition of tax revenues in Latin American countries are described, the short-term tax-gap is calculated for 18 countries, and the efficiency of a cyclical safety margin is considered.