Tax revenues in Latin American countries are lower as a proportion of their national incomes than in most OECD countries, but are rising slowly. Revenue Statistics in Latin America shows that the average tax revenue to GDP ratio in the 15 Latin American countries covered by the report increased from 19% in 2009 to 19.4% in 2010, after falling from a high point of 19.7% in 2008.
Country Notes from the publication 'Revenue Statistics in Latin America 1990 - 2010'.
Today Argentina has deposited its instrument of ratification making Argentina the first country from South America to become a Party to the Multilateral Convention on Mutual Administrative Assistance in Tax Matters and allowing it to benefit from cross border tax co-operation and information sharing.
La 7ma. reunión del Foro sobre Administración Tributaria, el cual reúne a los líderes de las administraciones tributarias de 43 países, concluyó con el compromiso unificado y fortalecedor de luchar contra el abuso fiscal offshore.
The 7th meeting of the Forum on Tax Administration, which brought together the heads of tax administrations from 43 countries, concluded with a unified and strengthened commitment to combat offshore tax abuse.
Costa Rica announced that it has signed a tax information exchange agreement with Argentina.
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Agreement between Argentina and Costa Rica for the exchange of information relating to tax matters
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Agreement between Andorra and Argentina for the exchange of information relating to tax matters
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Agreement between Argentina and San Marino for the exchange of information relating to tax matters
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Agreement between Bahamas and Argentina for the exchange of information relating to tax matters