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On April 12, the Inter-American Dialogue hosted an event titled “Latin America’s Digital Economy and Trends in International Taxation.” The discussion took place in the context of a recent OECD report, that reported that a global consensus on how to tax businesses with a substantial digital footprint but no physical presence in a given country remains elusive.
On March 6th, The Dialogue hosted an open discussion on the future of NAFTA and the global impacts of its potential reform or repeal. Along with substantial political uncertainty about the future of the North American Free Trade Agreement (NAFTA), there is also widespread confusion about the various options and scenarios for reform within the complicated architecture of the multilateral trading system. Many of the possible outcomes would have grave implications—not only for the economies of Mexico, the US, and Canada, but also for other major trading partners.
The key to resolving Costa Rica’s fiscal deficit lies in a major reform that would replace the country’s sales tax with a value-added tax.
