Today’s ceremony sends yet another strong message to the international community of El Salvador’s commitment to fighting international tax avoidance and evasion by increasing transparency. This builds on the first major step, taken in 2011, when El Salvador joined the Global Forum on Transparency and Exchange of Information.
The Global Forum on Transparency and Exchange of Information for Tax Purposes is the multilateral framework within which work in the area of tax transparency and exchange of information is carried out by over 120 jurisdictions which participate in the work of the Global Forum on an equal footing.
The Global Forum is charged with in-depth monitoring and peer review of the implementation of the standards of transparency and exchange of information for tax purposes. These standards are primarily reflected in the 2002 OECD Model Agreement on Exchange of Information on Tax Matters and its commentary, and in Article 26 of the OECD Model Tax Convention on Income and on Capital and its commentary as updated in 2004, which has been incorporated in the UN Model Tax Convention.
The standards provide for international exchange on request of foreseeably relevant information for the administration or enforcement of the domestic tax laws of a requesting party. “Fishing expeditions” are not authorised, but all foreseeably relevant information must be provided, including bank information and information held by fiduciaries, regardless of the existence of a domestic tax interest or the application of a dual criminality standard.
All members of the Global Forum, as well as jurisdictions identified by the Global Forum as relevant to its work, are being reviewed. This process is undertaken in two phases. Phase 1 reviews assess the quality of a jurisdiction’s legal and regulatory framework for the exchange of information, while Phase 2 reviews look at the practical implementation of that framework. Some Global Forum members are undergoing combined – Phase 1 plus Phase 2 – reviews. The ultimate goal is to help jurisdictions to effectively implement the international standards of transparency and exchange of information for tax purposes.
This page contains information on the work of the OECD and El Salvador in the area of Competition Law and Policy.
Access reviews on competition law and policy in Latin American countries conducted by the IDB and the OECD. Countries covered are Argentina, Brazil, Chile, Colombia, El Salvador, Honduras, Mexico, Panama and Peru.
Après une décennie de croissance relativement soutenue, l’Amérique latine aborde une zone de turbulences sur fond de fléchissement des échanges, de modération du prix des matières premières et d’incertitude croissante liée à l’environnement financier extérieur, selon la dernière édition des Perspectives économiques de l’Amérique latine.
The global scenario is less benign for the region due to a downturn in global trade, a decline in commodity prices and increased uncertainty surrounding external financing, says the new Latin American Economic Outlook.
This publication assesses the impact of previous competition law and policy reviews in nine Latin American countries: Argentina, Brazil, Chile, Colombia, El Salvador, Honduras, Mexico, Panama and Peru. This report was discussed during the 2012 annual meeting of the OECD-IDB Latin American Competition Forum held in the Dominican Republic.
The School is organising specialised courses on socio-economic development and creating an international platform to exchange experiences and knowledge between public officers and practitioners from OECD member and non member countries that deals with cooperation and local development issues.
En países latinoamericanos, la población crece a un ritmo mayor que el promedio mundial, lo cual intensifica el uso de la tierra y aumenta la urbanización. La región también es propensa a los impactos negativos del cambio climático y de los desastres naturales.
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In dairy, the evaluation estimates there were impacts on adoption and increases in farm income. In horticulture, the evaluation estimates impacts on adoption, but no impacts on farm income. In handicrafts, the evaluation estimates impacts on employment for program participants, but no impacts were detected on productive income.