Tuesday 14th of July 2020 07:24:59 am
OECD Rulings and their Standards in Latin America

The continuous growth of international trade has led the different nations governments to adjust their tax rules to avoid the transfer of profits to foreign treasuries and, thus not to adequately tax the profits of local subsidiaries of multinational companies and even local companies importing goods or services.

As a first stage, the central countries began to change their laws, and the OECD (Organization for Trade and Development) members established precise rules to regulate international trade, followed suit by Latin America[s Nations.

This is so, that almost all the Latin American Nations have norms that regulate the terms by which the above mentioned companies must elaborate their policies of global prices.