In November 2018, ministers and deputy ministers of Latin American countries met on the margin of the Global Forum plenary meeting held in Punta del Este, Uruguay, to discuss how to use exchange of information to fight tax fraud and corruption. As a conclusion of the meeting, the Punta del Este Declaration was signed. Signatories agreed to lead by example in tackling illicit financial flows through increased international tax co-operation. As a result, concrete steps to tackle tax evasion and other financial crimes were included in the Declaration, such as:
In November 2019, a ministerial meeting hosted by the Secretary General of the OECD was held in advance of the Global Forum 10th anniversary plenary meeting. It marked the first anniversary of the Declaration and provided ministers as well as high-level officials from signatory jurisdictions with an opportunity to reflect on progress made since the adoption of the Declaration, present their National Action Plans to implement the commitments in the Declaration, and discuss next steps for closer regional co-operation to increase tax transparency and tackle tax evasion. Participants agreed to hold a high-level meeting in the second half of 2020 at which they would report back on the actions contained in their National Action Plans and explore further how to implement the objectives of the Declaration.
In July 2021, the first edition of the progress report Tax Tranparency in Latin America was published. The report, the first of its kind dedicated to the issue of tax transparency in Latin America, is a key output of the Punta del Este Declaration. It will be published annually to inform decision makers and citizens on where the region stands, and the concrete progress made by Latin American countries on tax transparency.
Ms Elizabeth Guerrero Barrantes, Vice-minister of Revenue, Ministry of Finance of Costa Rica, currently chairs the Latin America Initiative and Mr Oscar Orué, Vice-minister of Taxation, Undersecretariat of State for Taxation, Paraguay, serves as co-chair.
» Punta del Este Declaration (english/español)
» Tax Transparency in Latin America 2022 (May 2022)
» Tax Transparency in Latin America 2021 (July 2021)