Latin America and the Caribbean (LAC) face a structural challenge of low economic growth, which threatens the region’s long-term development prospects. The demographic dividend that supported growth over recent decades is fading, and now more than ever, the region must boost productivity and capital investment to sustain economic growth (see Figure 1). As a result, … [Read more...] about How to Make Tax Policy More Business-Friendly and Unlock the Investment Potential in Latin America and the Caribbean
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Making Good Macro-Fiscal Forecasts for Medium-Term Fiscal Sustainability: Lessons from International Practice
A Medium-Term Fiscal Framework (MTFF) is an institutional framework designed to guide and inform the public about the achievement of multi-year fiscal policy objectives. It uses medium-term macro-fiscal projections and analyses national or subnational public finances. At the core of an MTFF is a medium-term economic and fiscal outlook report, which forecasts the key government … [Read more...] about Making Good Macro-Fiscal Forecasts for Medium-Term Fiscal Sustainability: Lessons from International Practice
The Future of Tax Administrations Lies in the Intelligence Generated by Big Data
Digital transformation, professionalization of the public administration, and greater international tax cooperation are driving the creation of a second mission within tax administrations beyond traditional tax control: the data agency. This new stage of institutional evolution of the TA is the topic we address in the study Quo vadis, administración … [Read more...] about The Future of Tax Administrations Lies in the Intelligence Generated by Big Data
The Global Minimum Tax is a Game Changer: Learn About the Main Tax Policy Trade-offs
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
First Year of FISLAC: Transforming Fiscal Sustainability in Latin America and the Caribbean
Amid the unprecedented challenges unleashed by the COVID-19 pandemic worldwide, Latin America and the Caribbean (LAC) faced a pressing need: have intelligent tools to anticipate and manage risks threatening the economic and fiscal stability of the region. In response to this need, FISLAC (Fiscal Sustainability for Latin American and Caribbean Countries) was born, an … [Read more...] about First Year of FISLAC: Transforming Fiscal Sustainability in Latin America and the Caribbean