The creation of a global minimum tax on the profits of multinational corporations will ensure that, for the first time in history, there is a tax that applies equally in all countries. This is a game changer for international taxation because it will force multinational corporations to pay a minimum level of tax, regardless of where they are headquartered or operate. In … [Read more...] about The Global Minimum Tax is a Game Changer: Learn About the Main Tax Policy Trade-offs
Ubaldo Gonzalez de Frutos
Ubaldo Gonzalez de Frutos is a Sector Lead Specialist in Tax Administration at the IDB Headquarters in Washington D.C., with international taxation and modernization of the tax administration as his main interests. He has held various responsibilities in the Spanish Tax Agency, including the territorial Federal Tax Service Inspectorate, the Office of the General Director, the National Office of Tax Management, the Department of Financial and Tax Inspection and the Central Delegation of Large Taxpayers. The other part of his career has taken him to international positions, first as a financial advisor at the Embassy of Spain in the United States (2003-2008), then as an expert at the Center for Tax Policy and Administration of the OECD (2010-2018), and currently at the Inter-American Development Bank. He has published research papers on the relation between taxation and development, in particular the mobilization of national resources. Other areas of research are corporate tax liability, technology applied to the tax administration and the future of Corporate Tax. Ubaldo González holds a PhD in Law and a degree in Philology from the Complutense University of Madrid and a member of the Higher Body of Tax Inspectors. He has taught numerous seminars and conferences around the world. It is an extraordinary doctorate prize, a prize from the Royal Academy of Doctors of Spain, and a research prize from the Center for Financial Studies.
Advances in the new international taxation and challenges for Latin America and the Caribbean
In the fourth quarter of 2021, 137 countries reached a ground-breaking agreement on the reform of international aspects of Corporate Income Tax (CIT) within the OECD-coordinated Inclusive Framework (IF) on BEPS (Base Erosion and Profit Shifting). Thirty-one of these are Latin American and Caribbean (LAC) countries, and they are currently working to ensure that the voluntary … [Read more...] about Advances in the new international taxation and challenges for Latin America and the Caribbean
Three key G20 initiatives to promote global fiscal policy
On average, countries in Latin America and the Caribbean collect 22.8% of their GDP in taxes. Tax burden in the region is 11.4 percentage points lower than that of OECD countries (34.2% of their GDP in 2017). In addition, tax evasion prevents the collection of up to 50% of the revenues that should be raised through direct taxes. This context creates considerable budget … [Read more...] about Three key G20 initiatives to promote global fiscal policy