Latin America and the world are experiencing multiple crises.  The battle against the global pandemic, and the war in Ukraine, have left the world on the threshold of recession, with skyrocketing poverty and inequality, a cost-of-living crisis, and high debt levels. At the same time, most countries need to face urgently the exacerbated climate crisis, as it is clearly an existential issue.

 Faced with this situation, countries like Chile and Colombia have opted to propose progressive tax reforms that offer additional fiscal resources while reducing inequalities. These reforms could mark a new fiscal paradigm in the region. One in which the redistribution of income and wealth is highlighted, where progressive taxation of capital and wealth is a priority, and in which tax evasion and avoidance through tax havens by multinationals and the wealthiest is unacceptable.

We would like to invite you to the high-level panel “Winds of Change: the future of tax reforms in Latin America” during which the Minister of Finance of Colombia José Antonio Ocampo and the Undersecretary Ministry of Finance of Chile Claudia Sanhueza will present the reform projects of their respective countries. They will discuss them with Prize Nobel and ICRICT Co-Chair Joseph Stiglitz, Oxfam Executive Director Gabriela Bucher, and IMF Western Hemisphere Director Ilan Goldfjan. 

 When: Thursday, October 13, 2022 – 11:30am-12:45am EST

Where: IMF Headquarters 1 (HQ1): 700 19th Street, N.W. (Floor 3, Room 476)

Who:

• José Antonio Ocampo, Minister of Finance, Colombia

• Claudia Sanhueza, Undersecretary Ministry of Finance, Chile

• Ilan Goldfajn, Western Hemisphere Director, IMF

• Joseph Stiglitz, Co-Chair, Independent Commission for the Reform of International Corporate Taxation (ICRICT)

• Gabriela Bucher, Executive Director, Oxfam International

• Moderator: Patricia Arce, EFE Agency

The panel will be in English, with simultaneous translation into Spanish, French and Arabic

The panel, which will take place at IMF headquarters HQ1: 700 19th Street, N.W. (Floor 3, Room 476), will also be broadcast live.

 Read about the panel here: https://docs.google.com/document/d/1IJZkd5vuZl1t2gS1slai5RYhPqjgpO1Q/edit

Convening organizations:

·         Independent Commission for the Reform of International Corporate Taxation (ICRICT)

·         Oxfam International

·         Global Initiative for Economic, Social and Cultural Rights (GI-ESCR)

·         Tax Justice Network of Latin America and the Caribbean

·         Latindadd.