Post by account_disabled on Mar 12, 2024 7:12:37 GMT
Increasing public income is an important part of mobilizing resources to finance the 2030 Agenda, as indicated in the latest Fiscal Panorama of Latin America and the Caribbean 2019, from the Economic Commission for Latin America and the Caribbean.
This report analyzes the evolution of fiscal France Mobile Number List policies and highlights the need to address the high level of tax non-compliance and illicit financial flows in the region.
This research says that the regional cost of tax evasion and allusion reached 6.3% of the gross domestic product (GDP) in 2017, which is equivalent to 335 billion dollars.
Meanwhile, illicit flows resulting from the manipulation of international trade in goods reached 85 billion in 2016, that is, 1.5% of the regional GDP.
This was announced by the Economic Commission for Latin America and the Caribbean (ECLAC), through Alicia Bárcenas, executive secretary of the organization, who highlighted the need to create multilateral relations that contribute to the creation of strategies to combat the fiscal problems that the region faces.
For this reason, a representative of ECLAC stated that multilateralism contributes to creating strategies to combat evasion and lithic flows, the biggest fiscal problems facing the region.
“No country can do any of this alone. A regional multilateral space is necessary for fiscal analysis and coordination to build joint positions aimed at reducing global asymmetries and expanding dialogue with transnational companies.”
The Regional Fiscal Policy Seminar was recently held, where authorities from 10 countries in Latin America and the Caribbean met. Bárcena stated that compliance with the Sustainable Development Goals (SDG) of the 2030 Agenda will require changes in the tax policy of governments.
“ Compliance with the 2030 Agenda in the region depends on the countries' ability to mobilize domestic resources. To do this, the region must analyze options to strengthen its collection and prevent its tax bases from being eroded . ”
It is worth mentioning that from ECLAC there are proposals in favor of various measures so that countries can achieve the 2030 Agenda of fiscal objectives. Among them, he highlighted the adoption of taxes on the digital economy and public health, adding environmental taxes to encourage the decarbonization of the economy and strengthening the tax on personal income and real estate property.
During the presentation, it was concluded that the region's tax revenues are still insufficient to finance compliance with the SDGs.
Challenge of taxation of the digital economy
According to the UN, the report analyzes the taxation and supervision of the digital economy in the region in order to show the weak points that favor the erosion of tax revenues.
The document presents the current situation of environmental corrective taxes to address public health issues in Latin America and the Caribbean, as well as the use of fiscal incentives and preferential tax treatments that limit the mobilization of resources but that, if they were oriented in a effective towards investment, would allow us to contribute to the goals set out in the Sustainable Development Goals.
The 2019 Fiscal Panorama indicates that the fiscal consolidation process in Latin America and the Caribbean continued during 2018.
This report analyzes the evolution of fiscal France Mobile Number List policies and highlights the need to address the high level of tax non-compliance and illicit financial flows in the region.
This research says that the regional cost of tax evasion and allusion reached 6.3% of the gross domestic product (GDP) in 2017, which is equivalent to 335 billion dollars.
Meanwhile, illicit flows resulting from the manipulation of international trade in goods reached 85 billion in 2016, that is, 1.5% of the regional GDP.
This was announced by the Economic Commission for Latin America and the Caribbean (ECLAC), through Alicia Bárcenas, executive secretary of the organization, who highlighted the need to create multilateral relations that contribute to the creation of strategies to combat the fiscal problems that the region faces.
For this reason, a representative of ECLAC stated that multilateralism contributes to creating strategies to combat evasion and lithic flows, the biggest fiscal problems facing the region.
“No country can do any of this alone. A regional multilateral space is necessary for fiscal analysis and coordination to build joint positions aimed at reducing global asymmetries and expanding dialogue with transnational companies.”
The Regional Fiscal Policy Seminar was recently held, where authorities from 10 countries in Latin America and the Caribbean met. Bárcena stated that compliance with the Sustainable Development Goals (SDG) of the 2030 Agenda will require changes in the tax policy of governments.
“ Compliance with the 2030 Agenda in the region depends on the countries' ability to mobilize domestic resources. To do this, the region must analyze options to strengthen its collection and prevent its tax bases from being eroded . ”
It is worth mentioning that from ECLAC there are proposals in favor of various measures so that countries can achieve the 2030 Agenda of fiscal objectives. Among them, he highlighted the adoption of taxes on the digital economy and public health, adding environmental taxes to encourage the decarbonization of the economy and strengthening the tax on personal income and real estate property.
During the presentation, it was concluded that the region's tax revenues are still insufficient to finance compliance with the SDGs.
Challenge of taxation of the digital economy
According to the UN, the report analyzes the taxation and supervision of the digital economy in the region in order to show the weak points that favor the erosion of tax revenues.
The document presents the current situation of environmental corrective taxes to address public health issues in Latin America and the Caribbean, as well as the use of fiscal incentives and preferential tax treatments that limit the mobilization of resources but that, if they were oriented in a effective towards investment, would allow us to contribute to the goals set out in the Sustainable Development Goals.
The 2019 Fiscal Panorama indicates that the fiscal consolidation process in Latin America and the Caribbean continued during 2018.