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
Fiscal Policy
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