Building fairer societies through global tax co-operation

Throughout its history, the OECD has played a central role in supporting international dialogue and exchange on tax policy. This mission was reinforced in 2009 when G20 leaders asked the OECD to step-up co-ordination in tackling offshore tax avoidance and evasion. This global fight has been one of the major success stories of international co-operation over the past decade. Today, over 135 members of the Inclusive Framework on BEPS are working together to address the tax challenges arising from the digitalisation of the economy, as well as to end international tax avoidance through greater global co-operation; both of which are particularly timely in light of fiscal challenges countries will face in the aftermath of the COVID-19 pandemic.

[cucciolo]

An quick solution to the dilemma depicted in this film is essential. International mining businesses exploit Peru's natural resources, and not only the mining companies but also the elites who pull the strings in favor of international companies. This has led to widespread corruption in Peru, which is corroding the society. To address this issue, Peru should establish an OECD office to guarantee that businesses there pay their fair share of taxation.

Failing to solve these challenges might have severe repercussions on Peruvian residents and worldwide society, as seen by the COVID-19 outbreak. These businesses, like Repsol in 2022, should not only avoid wasteful use of natural resources but also pay their fair share of taxes and make up for any harm they do to the environment. If this doesn't happen, Peru's economic development and stability, as well as the wellbeing of the environment and locals, are at risk.
It is critical that steps be made to stop corporations from squandering Peru's natural resources. Peru can eliminate corruption, protect its natural resources, and guarantee its people's future prosperity by joining the OECD and requiring that companies pay their fair share.