Advances in the new international taxation and challenges for Latin America and the Caribbean by Alberto Barreix, Ubaldo Gonzalez de Frutos, Martin Bes, Emilio Pineda, Andrea Riccardi published by IDB (5/2022).
“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 to ensure that the voluntary political agreement translates into international conventions and domestic legislation so that the package can take effect in 2024 as announced recently by OECD in Davos…”
