A report entitled "Tax Statistics" prepared by the Organization for Economic Cooperation and Development (OECD), analyzes the behavior of tax collection in Latin America.

From a press release by the OECD:

"Tax revenues are increasing in Latin America but remain low relative to national income compared to most OECD countries, according to the report on Revenue Statistics in Latin America 1990-2012, presented today in Santiago, Chile.

The average income tax rate of the 18 countries covered in the report [1] increased steadily going from 18.9% in 2009 to 20.7% in 2012, after falling from a peak of 19.5% in 2008, indicates the publication produced by the Organization for Economic Cooperation and Development (OECD), the Economic Commission for Latin America and the Caribbean (ECLAC) and the Inter-American Center of Tax Administrations (CIAT).

Source: CentralAmericaData.COM

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