Knowing who actually exercises control over the persons and legal structures has always been a challenge. Knowing this could help the authorities to control or, if necessary, to designate responsibilities regarding the correct use of these structures. Currently, the tax administrations have figures such as joint and several liability, which…
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Value Added Taxes (VAT) and Corporate Income Taxes (CIT), are usually two of the instruments, individually considered, that contribute the most to a country’s revenue collection. In the last recorded period (2016 to 2018), the total tax burden of the countries considered was equivalent to 21.4% of GDP, on average.…
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For centuries, the relationship between tax authorities and taxpayers has been difficult and conflicting. Mistrust between the parties has produced constant tensions, raising costs for the state and the taxpayers. The imposition of taxes provoked uprisings in various parts of the world and on different occasions, the most noteworthy being…
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THE PROPOSALS OF THE UN COMMITTEE AND OECD PILLARS 1 AND 2 In part I of this blog, a case study summarizing the practical application of the Unified Pillar 1 Approach was exemplified with a graph. Here, we will summarize Pillar 2 and the UN proposal, with the aim of…
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PROPOSALS OF THE UN COMMITTEE AND PILLARS 1 AND 2 OF THE OECD In gastronomic terms, a good pairing is the art of combining a certain dish of food with a certain wine, which enhances both flavors and of optimal taste results. That is, the perfect combination of wine and cuisine.…
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The economic contraction tracked by the COVID-19 pandemic has created large fiscal imbalances that will lead Latin American and Caribbean (LAC) governments to pursue fiscal consolidation policies to increase revenues and reduce expenditures. In the tax realm, questions inevitably arise as to the adequacy of tax revenues and the equity…
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