An unprecedented succession of natural catastrophes has swept the planet in July 2021. There have been severe floods in China and Western Europe, heat waves and droughts in North America, massive melting of the Artic ices and wildfires in the subarctic.“A summer of extraordinary climatic events” is the headline of…
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1. Introduction Based on the agreement reached at the G7 at the beginning of last June, the BEPS Inclusive Framework (BEPS IF) of the OECD and G20 has issued a declaration (07/01/21) recently approved at the G20 meeting in Venice, to provide a common solution that addresses the tax challenges…
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The importance of VAT in the tax structure of the countries of America is significant. Its application began in the 1960s in Colombia and Brazil, followed in 1972 with Uruguay, and so on until it reached most of the countries of the continent, including the English-speaking Caribbean countries[1]. Regarding the…
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Part 1 In Germany, the Bundesrechnungshof, which is the supreme federal authority for federal audit matters and is tasked with examining the performance of the German government’s financial management, said that new mechanisms for fraud detection are needed, such as real-time reporting, and that they should be better connected with blockchain…
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We are witnessing a time of historical crisis where States need, more than ever, resources to finance the policies needed to face it. In many countries, tax reforms are being studied, proposing either an increase in current taxes or the establishment of other new taxes. In view of this, it…
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Link to Revenue Report Covid-19 (RRC). 2021 First Quarter. After year 2020 in which revenue collection in constant values in the countries analyzed in the Report fell by an average of -9.3% (Excise Tax, -12.1%; Income Tax, IT -8.2%; VAT, -7.8%), although with significant heterogeneity by country (from -26.9%…
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