Treasury data shows that in respect to income tax on legal persons, there was a 70% shortfall on potential revenue, representing 4.23% of GDP.
"... We are still finding fraud, smuggling, omissions, arrears and taxpayers taking advantage of weaknesses in our laws, they are still looking for ways to default on their obligations, therefore we are trying to improve controls and our tax laws," said Helio Fallas, Minister of Finance in Costa Rica.
The dismantling of the network of corruption at the highest level of the taxation system shows the validity and the necessity that Central America has for having bodies such as the International Commission against Impunity in Guatemala.
EDITORIAL
Guatemalan business leaders have been talking about the matter, after the release of the CICIG updates which shed light on a group of criminals who, from the highest level of customs administration, engineered smuggling and tax fraud in the country. See: "Customs Fraud Network in Guatemala".
Bill aims to make public the names of people and companies that are in arrears in the payment of taxes in Costa Rica.
The bill is being sponsored by the Frente Amplio in the Costa Rican Legislative Assembly and has the support of MPs from different benches and even the Executive.
Under the reform, " information about the names of individuals and legal entities that have tax debts to the Treasury, and the amount of such debt will be publicly accessible," reported Nacion.com.
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