Latam Nations Create Tax Cooperation Forum, in Challenge to OECD

High-level ministers from Latin American countries agreed Thursday to create a new standing forum to cooperate with each other on global tax issues, in a sign of some countries’ frustration with the OECD’s 2021 global tax agreement.

The ministers agreed to a joint declaration on the first day of a two-day summit meeting in Cartagena, Colombia, to create the Regional Tax Cooperation Platform for Latin America and the Caribbean.

• Sixteen countries were represented at the summit, which was organized by Colombia’s finance ministry. The United Nations Economic Commission for Latin America and the Caribbean, or ECLAC, will act as ...