Central America News

J5 Group Marks Two Years Of Collaboration On Tackling Fiscal Crime

by Mike Godfrey, Tax-News.com Washington

Friday, July 17, 2020

On July 13, 2020, the US Internal Revenue Service (IRS) issued a progress report on the last two years' work of the J5 group of five advanced countries, who are working collaboratively to tackle cross-border tax fraud. Read Full Story

J5 Reviews Work To Tackle Cross-Border Tax Crimes

by Mike Godfrey, Tax-News.com Washington

Tuesday, March 3, 2020

On February 19, 2020, the United States Internal Revenue Service announced that the leaders of the Joint Chiefs of Global Tax Enforcement recently gathered in Sydney, Australia, to review their work and to set priorities for the years ahead. Read Full Story

Technology Cutting Tax Compliance Burden: Paying Taxes 2018

by Mary Swire, Tax-News.com, Hong Kong

Tuesday, November 28, 2017

The use of technology by business and government in tax compliance is driving continued simplification and reduction in the burden of tax compliance on businesses, says Paying Taxes 2018, a report by The World Bank Group and PwC. Read Full Story

Enhanced US Tax Relief Urged For Dominican Apparel Exports

by Mike Godfrey, Tax-News.com, Washington

Friday, October 6, 2017

Eight years after its implementation, the Earned Import Allowance Program is not providing enough incentives to significantly boost Dominican apparel exports to the US market, says the US International Trade Commission. Read Full Story

Costa Rica Considers Higher Taxes On Foreign Truckers

by Mike Godfrey, Tax-News.com, Washington

Tuesday, March 14, 2017

The Costa Rican Government is to consider hiking taxes on foreign haulers. Read Full Story

South Korea, Central America Agree Free Trade Deal

by Mary Swire, Tax-News.com, Hong Kong

Thursday, November 17, 2016

On November 16, South Korea and the six Central American states – El Salvador, Guatemala, Honduras, Nicaragua, Panama, and Costa Rica – agreed the details of a free trade agreement, according to an announcement from the South Korean Ministry of Trade, Industry and Energy. Read Full Story

El Salvador, Bolivia Conclude Second Round Of Trade Talks

by Mike Godfrey, Tax-News.com, Washington

Friday, July 22, 2016

El Salvador and Bolivia on July 20-21, 2016, held a second round of negotiations towards a Partial Scope Agreement that would lower tariffs on trade between the two countries. Read Full Story

Fiscal Reform Needed In LATAM, Caribbean, IDB Says

by Mike Godfrey, Tax-News.com, Washington

Wednesday, April 13, 2016

Major fiscal reforms are needed in Latin America and the Caribbean due to pressures such as weak global growth and lower commodity prices, according to a report from the Inter-American Development Bank. Read Full Story

France To Urge G-20 To Push For New Tax Blacklist

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, April 13, 2016

The French Government wants the G-20 to draw up a new blacklist of jurisdictions failing to meet international tax transparency standards. Read Full Story

El Salvador Supported In S Korea Free Trade Talks

by Mike Godfrey, Tax-News.com, Washington

Tuesday, April 5, 2016

El Salvador has been granted financial assistance to enable the nation to continue to engage in negotiations with other Central American states towards a free trade deal with South Korea. Read Full Story

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