- During the recent meeting of the Punta Del Este Declaration, the OECD published a progress report providing an update on cooperation and exchange of information among tax administrations in Latin America.
- As tax administrations continue to focus on expanding access to information, businesses face heightened scrutiny and the potential for additional inquiries if information they submit is viewed as unclear.
- Businesses should monitor developments in this area and prepare for new information reporting requirements associated with global tax policy changes.
Source EY
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