Latin America and the Caribbean is one of the world’s most vulnerable regions to the impacts of climate change. This implies great challenges for governments and finance and planning ministries in particular. The World Meteorological Organization (WMO) reports that the impacts of weather-related events, including heatwaves or floods, have claimed more than 312,000 lives in … [Read more...] about What are the fiscal risks from extreme weather events and how can we deal with them?
Three areas where finance ministries can help solve the climate crisis
Data compiled by NASA shows that 2020 was the hottest year globally on record, tied with 2016, when compared to the average temperature recorded between 1951 and 1980. Since the 1880s, the Earth's average temperature has risen more than 1°C and there is consensus that countries need to move far more aggressively to decarbonize their economies. Finance and planning ministries … [Read more...] about Three areas where finance ministries can help solve the climate crisis
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
How can tax policy promote investment in the post-pandemic period?
Promoting private investment -both foreign and domestic – must be the cornerstone of any pro-growth fiscal policy in the post-pandemic period. Governments in Latin America and the Caribbean (LAC) must ensure that the design and implementation of such policies – which usually involve the use of tax incentives – protect tax revenues and attract the type of investment that can … [Read more...] about How can tax policy promote investment in the post-pandemic period?