Global relations in taxation

The LAC Fiscal Initiative

 

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Fiscal Policy and Dialogue
 

 

Overview & Events
Key features of the LAC Initiative

 

The LAC Fiscal Initiative is an OECD programme that is aiming to improve its taxation and public expenditure policies in LAC to support economic growth and income redistribution in the region.

 

 

The programme is delivered through a regional forum for policy dialogue on fiscal issues (the LAC Tax Policy Forum), where senior fiscal policy officials of LAC countries engage with experts from the OECD and other regional organisations. 

This dialogue is supported by the development of internationally comparable data, capacity building workshops and analytical papers that complement fiscal policy discussions. A third line of work consists of assisting countries with the design and implementation of fiscal reform measures.

 

5th LAC Tax Policy Forum

16-17 June 2015, Costa Rica

 

The Fifth LAC Tax Policy Forum was built on the dialogue launched in Panama in 2010, continued in Colombia in 2012, in Uruguay in 2013 and in Mexico in 2014, on key fiscal drivers for inclusive and sustainable economic growth for the region.

 

Outcomes

Strengthening the LAC Fiscal Network

Latest publications

 

It is part of a broader OECD programme (the LAC Initiative) which fosters policy dialogue in the LAC region covering  several other areas beside fiscal issues - investment, public governance and innovation.  

It is a joint project between the OECD key regional partners in the LAC region.

The LAC Fiscal Initiative is financed by voluntary contributions from OECD and participating countries.

  It is a demand driven programme - which meets the specific needs of LAC countries by combining regional and country by country approaches.

 

Outcomes

1) Creation of a regional forum for fiscal policy dialogue: 

 

Panama City (Panama) on 16-17 September 2010

 

The first meeting of the LAC Tax Policy Forum was held in Panama City. It focused on the role of the tax system in reducing income inequality and promoting social cohesion, and served to identify tax incentives as the new priority topic.

 

Bogotá (Colombia) - 12-13 July 2012 

 

The second meeting of the LAC Tax Policy Forum, jointly organised by CIAT, ECLAC, IDB and the OECD, and hosted by the Colombian Ministry of Finance and the National Tax and Customs Administration of Colombia (DIAN), was held in Bogotá on 12-13 July 2012.

 

     

Montevideo (Uruguay) - 4-5 July 2013 

 

The third meeting of the LAC Tax Policy Forum took place in Uruguay on 4-5 July 2013. This forum focused on practical country experiences in the use of the tax system as a mechanism to reduce inequalities.

 

 

Mexico City (Mexico) - 3-4 July 2014


The 
fourth meeting of the LAC Tax Policy Forum took place in Mexico City on 3-4 July 2014 and discussed the fiscal policy challenges in Latin America. The discussions focused on the political economy of tax reform, “green” taxation, best practices in raising revenue from natural resources, and the role of fiscal policy in reducing inequality.

 

2) Tools to facilitate policy dialogue

 

Revenue Statistics in Latin America publication
 
This joint publication by CIAT, ECLAC and the OECD. It aims at helping fiscal policy dialogue and the assessment of alternative fiscal reforms by providing internationally comparable data on tax levels and structures for, including data at sub-national government level. The publication follows the model of the OECD Revenue Statistics database, which enables meaningful cross-country comparisons about tax levels and structures not only between LAC economies, but also, for the first time, between them and their industrialised peers.
 
web platform to share this database and to foster virtual dialogue on fiscal issues has also been developed.
Cover Image of Revenue Statistics in Latin America and the Caribbean 2015 book
LAC Boardroom thumbnail   LAC House Thumbnail

Capacity building workshops and seminars

Several technical workshops and seminars for LAC fiscal officials have also been delivered as a complement for tax policy discussions.

Capacity building workhops that will take place in the Multilateral Tax Centre in Mexico:

  • BEPS: Transfer pricing and customs valuation 23 - 27 March
  • BEPS: Train the trainers on transfer pricing, 18 - 22 May
  • Advanced tax treaties, 6 - 10 July
  • International tax avoidance and countering BEPS, 28 September - 2 October
  • Tax Policy: Environmental Taxation, 30 November - 4 December
 

Publications on fiscal policy issues

Several papers produced under the LAC Fiscal Initiative will contribute to the debate on fiscal policy in Latin America.

3) Assistance in the design and implementation of reform measures‌ 

 

On a demand driven basis, LAC countries are assisted in the process of reform of their fiscal rules, analysing their budgetary position taking into account the business cycle and commodities prices.

 

 

Regional Partners in Latin American and Caribbean (LAC)

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Contact us

Any questions relating to the LAC Fiscal Initiative should be addressed to Katherine Perkins

 

Photos credits: © Engine Images - Fotolia.com
© Robert Crum - Fotolia.com
© Astock - Fotolia.com

The map is for illustrative purposes and is without prejudice to the status of or sovereignty over any territory covered by this map.

 

 

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