{"id":31539,"date":"2023-08-01T08:23:16","date_gmt":"2023-08-01T06:23:16","guid":{"rendered":"https:\/\/english.cpnn-world.org\/?p=31539"},"modified":"2023-08-01T08:24:02","modified_gmt":"2023-08-01T06:24:02","slug":"three-large-south-american-economies-sign-an-agreement-in-cartagena-to-tighten-tax-policies-against-ghost-companies","status":"publish","type":"post","link":"https:\/\/english.cpnn-world.org\/?p=31539","title":{"rendered":"Three large South American economies sign an agreement in Cartagena to tighten tax policies against \u201cghost companies\u201d"},"content":{"rendered":"
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. . SUSTAINABLE DEVELOPMENT . .<\/p>\n

An article from Euro ES Euro<\/a><\/p>\n

The First Summit of Latin America and the Caribbean for an inclusive, sustainable and equitable global taxation, had the participation of 16 governments of the region and is taking place in Cartagena. Twitter\/@MinHacienda<\/a><\/p>\n

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Three of the main economies of South America (Chile, Colombia and Brazil) joined forces at the \u2018First Summit of Latin America and the Caribbean for global, inclusive, sustainable and equitable taxation\u2019 held in Cartagena de Indias, in which officials and Finance ministers from 16 Latin American countries met to establish a joint regional platform.<\/p>\n

The objective of this initiative is to address the challenges posed by the global economic landscape,\u00a0especially in relation to the impact of tech giants like Netflix, Spotify and Amazon in the region.<\/p>\n

(Article continued on the right column)<\/p>\n<\/div>\n

Question for this article:<\/div>\n
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Opposing tax havens and corruption: part of the culture of peace? <\/a> <\/em><\/strong><\/p>\n

(Article continued from the left column)<\/p>\n

The summit, which included the participation of three other large economies in the region, such as Mexico, Argentina and Peru, represents an effort to discuss and harmonize the reform of certain shortcomings in the tax structure of Latin American nations, which are characterized by being one of the most unequal areas of the world in terms of wealth distribution.<\/p>\n

The debate on the need to establish a worldwide corporate tax rate was the subject of discussion for a long period, however, the\u00a0inherited social imbalances\u00a0of the pandemic\u00a0accelerated the urgency to take action on it.<\/p>\n

The large economies of the world have already reached recent agreements to tax the profits of technology companies and other large transnational corporations operating in their countries with a minimum of 15%.<\/p>\n

Former Colombian Finance Minister\u00a0Jose Antonio Ocampo who played a key role in the preparation of the summit, emphasized in an article published in the daily\u00a0Time\u00a0<\/a> about the importance of facing the challenges posed by the digital economy.<\/p>\n

Ocampo pointed out that large fortunes and corporations use \u201cshell companies\u201d in tax havens to evade a significant part of their tax obligations, which has aggravated inequality in the region.<\/p>\n

Jos\u00e9 Antonio Ocampo led the preparation of the summit from his position as minister, highlighting how the emergence of the digital economy allowed corporations to use more \u201cshell companies\u201d in tax havens. Twitter\/@JoseA_Ocampo<\/a><\/p>\n

This is related to awareness of tech companies like Google, Facebook and Amazon paying taxes in jurisdictions with very low tax rates,\u00a0where they establish their financial headquarters, rather than in the countries where they operate and generate revenue.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

. . SUSTAINABLE DEVELOPMENT . . An article from Euro ES Euro The First Summit of Latin America and the Caribbean for an inclusive, sustainable and equitable global taxation, had the participation of 16 governments of the region and is taking place in Cartagena. Twitter\/@MinHacienda Three of the main economies of South America (Chile, Colombia … Continue reading Three large South American economies sign an agreement in Cartagena to tighten tax policies against \u201cghost companies\u201d<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77,10],"tags":[20],"class_list":["post-31539","post","type-post","status-publish","format-standard","hentry","category-latin-america","category-sustainable","tag-latin-america"],"_links":{"self":[{"href":"https:\/\/english.cpnn-world.org\/index.php?rest_route=\/wp\/v2\/posts\/31539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.cpnn-world.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.cpnn-world.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.cpnn-world.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/english.cpnn-world.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31539"}],"version-history":[{"count":0,"href":"https:\/\/english.cpnn-world.org\/index.php?rest_route=\/wp\/v2\/posts\/31539\/revisions"}],"wp:attachment":[{"href":"https:\/\/english.cpnn-world.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.cpnn-world.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.cpnn-world.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}