The streams of analysis on the UN climate change talks in Glasgow last December read like the opening of the Charles Dickens’ novel, A Tale of Two Cities: “It was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair…” There is some truth to both sides. There was deep regret that the goal of developed countries to … [Read more...] about Five Reasons COP26 is a Big Deal for Finance Ministries
Administración financiera y tributaria
Digital Maturity Index: How to measure digital transformation progress in tax administrations
The development of digital technology has profoundly transformed information processes in all the spectrum of the public and private sectors. For Tax Administrations (TAs), organizations whose business processes (services and audit) are based on data, technology advancements are driving profound changes in the way they carry out their tax collection functions. Digitalization … [Read more...] about Digital Maturity Index: How to measure digital transformation progress in tax administrations
The Impact of International Trade and BEPS Commitments on Tax Incentives and Collection
In memory of Juan C. Gómez Sabaini and Francisco de Paula Gutiérrez The tax incentive for private investment most widely applied in the Latin American and Caribbean (LAC) jurisdictions (25) is a lower corporate income tax (CIT) rate in certain industries or specific regions. If well designed and implemented, the reduced rate is a tool available to governments to foster … [Read more...] about The Impact of International Trade and BEPS Commitments on Tax Incentives and Collection
Can a wealth tax reduce inequality in Latin America and the Caribbean?
The COVID-19 pandemic had strong economic and social impacts that have exacerbated the problems of inequality between rich and poor. While the wealthier classes were able to preserve their jobs and work remotely, many low-income workers lost their sources of income overnight, or saw their incomes shrink dramatically. This increase in inequality, coupled with large fiscal … [Read more...] about Can a wealth tax reduce inequality in Latin America and the Caribbean?
Latin American and Caribbean countries must adopt a pro-growth fiscal strategy to avoid falling into a debt trap
With the outbreak of the pandemic, fiscal balances in Latin America and the Caribbean (LAC) deteriorated and public debt increased significantly. When combined with the expected slowness of economic recovery, this will put significant pressure on the sustainability of public finances for countries in the region. Given this scenario, these countries urgently need to develop and … [Read more...] about Latin American and Caribbean countries must adopt a pro-growth fiscal strategy to avoid falling into a debt trap