In response to the international crisis of 2008 and the ending of the commodities super cycle (circa 2013), the countries of Latin America reacted with countercyclical policies to tackle the impacts of the global economic downturn. In fact, Latin America’s average fiscal balances deteriorated, from -0.3 percent of GDP in 2006 to -3.6 percent in 2017. Hence fiscal rules (FRs) … [Read more...] about The institutional trilogy of fiscal discipline
About Luis Fernando Corrales
Electronic Invoicing: Lessons from Latin America
Over the past two decades, a silent revolution began transforming tax administration in Latina America. Electronic tax invoicing (EI) is the region’s contribution to the fight against evasion and support for tax transparency. It sprang from the innovative efforts of the region’s more advanced tax administrations (TAs), especially those that embarked on their modernization … [Read more...] about Electronic Invoicing: Lessons from Latin America