FISCAL EFFECTS IN HYDROELECTRIC SETTLEMENTS: THE CASES OF THE RIVERS NEGRO AND NARE BASINS IN COLOMBIA

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Juan Pablo Ríos Ocampo
Luis Diego Vélez Gómez

Abstract

With the presence of hydroelectric settlements in their territory, the municipalities of the eastern and northeastern regions of Antioquia have seen their fiscal and territorial structure affected despite the regulatory compensation established for the electric sector. This article analyses the taxation effects gener­ated by the compensation of property taxes. To do so, different sums received by different municipalities from generating companies are analyzed and an empiric tax analysis is done for both types of territories (with and without hydroelectric settlements). This is how the taxation differential is determined. It is also concluded that, besides the influence of transfers for compensating the loss of the natural capital of the hydroelectric basins, the expansion of the electric sector generates taxation digressivety due to the privileges and exemptions conceived by the law

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Author Biographies

Juan Pablo Ríos Ocampo, Universidad Nacional de Colombia, Medellín

Economista, Universidad Nacional de Colombia, Medellín, Colombia. Estudiante de Maestría en Ingeniería de
Sistemas, Universidad Nacional de Colombia, Medellín, Colombia. Joven Investigador de Colciencias. Grupo
de Investigación Ciencias de la Decisión categoría A1

Luis Diego Vélez Gómez, Universidad Nacional de Colombia, Medellín

Economista, Universidad de Antioquia, Medellín, Colombia. M.S.C. en Economía del Sector Público, Universidad
de Buenos Aires, Instituto Torcuato Di Tella, Buenos Aires, Argentina. Especialista en Finanzas, EAFIT, Medellín, Colombia. Profesor asociado Escuela de Ingeniería de la Organización, Facultad de Minas, Universidad Nacional de Colombia, Sede Medellín

How to Cite

Ríos Ocampo, J. P., & Vélez Gómez, L. D. (2016). FISCAL EFFECTS IN HYDROELECTRIC SETTLEMENTS: THE CASES OF THE RIVERS NEGRO AND NARE BASINS IN COLOMBIA. Semestre Económico, 18(38), 137-160. https://doi.org/10.22395/seec.v18n38a5

References