Though Latin American economies are growing quickly, they must reduce inequality and improve infrastructure and education to maintain the growth trajectory, said OECD Secretary-General at the International Economic Forum on Latin America and the Caribbean organised in Paris.
Colombia and Mexico are a step closer to beneffiting from cross border tax co-operation and information sharing. Colombia has signed, and Mexico has deposited its instrument of ratification for the Multilateral Convention on Mutual Administrative Assistance in Tax Matters.
This Investment Policy Review examines Colombia's achievements in developing an open and transparent investment regime and its efforts to reduce restrictions on international investment. The Review shows that, in the past few years, Colombia has made tremendous progress in promoting investment liberalisation and improving its investment policy framework. Colombia has also recently undertaken important policy reforms in many of the areas covered by the Guidelines for Multinational Enterprises, including human rights, labour issues and bribery.
While growth in advanced economies remains sluggish, the Latin America and the Caribbean (LAC) region grew 5.9% in 2010 and 4.4% in 2011. LAC states must now turn economic growth into sustainable economic and social development. Substantial reforms are needed to boost the economy and deliver better public services. If no action is taken, progress made up until now could unravel.
For this fifth edition of the Latin American Economic Outlook, the OECD Development Centre has teamed up with the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) to tackle in this report the new challenges posed by long-term development goals in key areas such as education, infrastructure and productive development and innovation. LEO 2012 examines the reform of the state for development, identifying current challenges and ways forward for the consolidation of the region’s democracies into “delivering States”.
This new publication aim is to provide internationally comparable data on tax levels and tax structures for a selection of Latin American and Caribbean (LAC) countries. The model is the OECD Revenue Statistics database which is a fundamental reference, backed by a well-established methodology, for OECD member countries. By extending this OECD methodology to LAC Revenue Statistics in Latin America enables meaningful cross-country comparisons about tax levels and structures not only between LAC economies, but also between them and their industrialised peers.
