The OECD has announced the release of the report Revenue Statistics in Latin America and the Caribbean 2022.
Tax revenues in Latin America and the Caribbean take a historic hit before showing early signs of recovery
Tax revenues in Latin America and the Caribbean (LAC) fell by 8.0% on average in nominal terms and by 0.8% as a share of GDP in 2020 because of the COVID-19 pandemic, according to a new report released today. However, the region’s economic recovery and a rebound in commodity prices supported a recovery in tax revenues in 2021.
Source Orbitax
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