Tax Amnesties are Bad

They undermine the principle of tax justice and the morality of honest taxpayers, hindering equal competition and promoting impunity.

Wednesday, June 19, 2013

From a statement by the ICEFI:

Guatemala, June 14, 2013

- The approved decree contains a greater amount of tax amnesty, in which benefits are given to delinquent taxpayers and those who have operated at unfair advantage over those who pay their taxes correctly and on time, even aggravating the negative consequences of the tax amnesty applied in 2011. This action violates the principle of tax justice and the morality of honest taxpayers, constituting an obstacle to a desirable climate of competition on equal terms, clear rules and ones which combat impunity.

- The hasty manner and the lack of sufficient analysis of the proposal approved in the Tax Adjustment Act, demonstrates a view of fiscal policy which places the interests of unions above general interests. We urge Congress to promote transparency, openness and public participation in the debate, reflection and analysis of bills on important issues such as fiscal policy.

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Diario de Centroamérica reports that "...The Agreement establishes terms to obtain between 100% and 90% exemptions. From that account, taxpayers who pay all their debts within the first month will receive a 100% reduction in fines, interest or surcharges; 95% for those paying in the second month, and 90% for the third month."

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