Colombia, home to the 4th largest economy in Latin America and an OCED member since 2020, was until 2021 one of most ardent supporters of the recommendations of the OECD’s BEPS Project. Yet recently, Colombia has taken a prominent position among the countries pushing for a UN alternative to the work of the OECD. In this Talking Points, Eric Thompson examines how Colombia has come to play a leading role in international tax reform efforts, and wonders whether its motives stem more from a desire to improve the position of countries in the developing world, or from a desire to enhance its own tax revenues.
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