Ok, continuing with the posts about Asian countries and CRS information exchange...
Let's talk about Latin America now, and if you are still naive enough to think that you can hide from the state in a boomer relic of the past called "offshores."
👉🏻 Panamanian accounts are no longer that secret. What has changed in Latin America?
While many believe that banking exchange only concerns Europe, a quiet but very important turning point has occurred in Latin America.
The OECD has published the "Tax Transparency in Latin America 2026" report.
In 2025, thanks to the exchange and disclosure of assets, countries in the region received 576 million euros in additional tax revenue. And since 2009 - 29 billion euros. This is 21% of all additional taxes globally.
Today, Latin America is part of one of the largest tax cooperation networks in the world.
CRS (Common Reporting Standard) has already been launched by:
Argentina
Brazil
Chile
Colombia
Costa Rica
Ecuador
Mexico
Panama
Peru
Uruguay
Paraguay will join in 2027.
In 2025, tax authorities in the region received information on 5 million foreign bank accounts holding 463 billion euros in assets.
The next target is the real owners of companies.
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And now a bit of information for the Latin American crypto-goyim who use centralized exchanges with KYC.
6 countries have already officially agreed to implement the Crypto-Asset Reporting Framework (CARF):
Brazil
Chile
Colombia
Costa Rica
Mexico
Panama
The first automatic exchanges regarding cryptocurrencies are expected as early as 2027-2028.
Enjoy your democracy! 😘
