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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The taxation of corporate income has several aspects of interest to analyze in order to know the tax strategy of the countries of the continent, especially on the application of the jurisdictional principle of taxation (territorial vs world income) and the level of rates. Territorial taxation vs world income In…
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