In Ecuador, during the first quarter of 2022, the Internal Revenue Service collected USD 6,653 million, representing a 37% growth in central tax collection, compared to the value collected in a similar period in 2021. In April 2022 alone, the collection exceeded 2 billion (USD 2,188 million), an increase of 54%…
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Recently, the Tax Administration Forum has published a remarkably interesting document entitled “Towards Seamless Taxation”[1], which invites us to rethink about a new Tax Administration (TA) model that surpasses the current approach based on voluntary compliance. Given the importance of SMEs for the economy in general, it is vital to…
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Introduction The exchange of tax information (EOI) is a fundamental tool for tax administrations (TAs)[1], which should be used in accordance with principles, scope and limitations[2], among others the rights of taxpayers and other subjects involved. These rights are treated, in the evaluations of international standards, as limits of these…
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In the fourth quarter of 2021, 137 countries reached a ground-breaking agreement on the reform of international aspects of Corporate Income Tax (CIT) within the OECD-coordinated Inclusive Framework (IF) on BEPS (Base Erosion and Profit Shifting).Thirty-one of these are Latin American and Caribbean (LAC) countries, and they are currently working…
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Global temperatures keep rising. On May 9, 2022, the World Meteorological Organization announced that the average global temperature will most probably reach 1.5° above industrial level for at least one of the next five years, and the likelihood is increasing with time [1]. This 1.5° threshold indicates the point at…
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It has been nine years since I wrote the first post of this series. A lot of water has passed over the bridge: the BEPS project, some proposals of two pillars that change the international tax context, a pandemic (I hope only one), and certainly the popularity of cryptocurrencies (their…
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