Presentation of the report's key findings by Zayda Manatta, Head of the Global Forum Secretariat

1. TAX TRANSPARENCY IN
LATIN AMERICA 2021

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The key role of tax transparency
 Tax evasion is one of the main sources of IFFs worldwide
 Revenue forgone due to tax evasion is estimated at 6.1% of GDP in the
Latin American region (ECLAC, 2020)
 The COVID-19 crisis has reinforced the need for additional revenue
 Tax transparency and exchange of information (EOI) is an important
tool to tackle tax evasion and other IFFs and improve DRM
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Promoting tax transparency in Latin America
 2018: Launch of the Punta del Este Declaration to tackle tax evasion
and other financial crimes through transparency and EOI
 2020: Work plan and governance framework for 2021-2023
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Baseline actions:
Building an
infrastructure for EOI
Complementary
actions:
Translating tax
transparency into
revenue gains

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Growing commitment to tax transparency
 The Declaration has 13 signatories
and 2 observers (El Salvador and Mexico)
 Strong co-operation between the Global Forum,
its member countries and its 3 regional partners
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MEXICO
EL SALVADOR

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Principles of the Declaration
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 Measuring progress

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Exchange of information is a priority in Latin America
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Countries are building strong exchange of information
infrastructures
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But more capacity building is needed in exchange of
information
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Latin American countries have broad exchange of
information networks
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Latin America has been a net sender of EOI requests
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But there are significant disparities between the
requests sent by countries
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Global Forum on Transparency and Exchange of Information for Tax Purposes
Note: Responses from 15 countries
Source: Tax Transparency in Latin America Survey
4 countries:
94.1% of
requests
1 country: 61.5% of
requests
Of which:

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Transparency of beneficial ownership is progressing in
the region
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There is a strong commitment to automatic exchange,
but additional efforts are needed
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2017 2018 2020
Argentina
Colombia
Mexico
Brazil
Chile
Costa Rica
Panama
Uruguay
Peru
2021
(Commitment)
Ecuador
No date set yet for first exchanges:
Bolivia, Dominican Republic, El Salvador, Guatemala, Honduras & Paraguay

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Revenue collected through EOI
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2014-20 2020
 6 Latin-American countries reported EUR
298 million from EOIR between 2014 and
2020
 One country alone accounted for 86.2% of
the total
Of which, EUR 12 million were identified in 2020
 EUR 12 billion in additional revenue from voluntary disclosure programmes and
offshore tax investigations thanks to information received under the EOI standards
since 2014

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Strengthening technical assistance in times of
COVID-19
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 10 countries benefiting from capacity building programmes
 Induction programmes (3)
 Tailored technical assistance (7)
 4 training events attended by 1 120 officials
 2 regional seminars on beneficial ownership: 698 participants
 2 regional seminars on EOI for tax auditors: 423 participants
 New e-learning courses and toolkits

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Looking ahead
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 EOI capacity building for tax officials
 Consolidating the implementation of the EOIR standard
 AEOI commitment and effective use of AEOI data
 Wider use of exchanged information
 Advocating for tax transparency

17. Thank you
Financial contributions provided by:
For more information:
https://oe.cd/ttila2021
@OECDtax
gftaxcooperation@oecd.org
https://oe.cd/tax-news