Fiscal policy in Latin America and the Caribbean (LAC) is sub-optimal. Tax administration and design is weak and tax evasion is costing governments over US$340bn, or 6.7% of regional GDP . These are some of the conclusionso f a report published in late March, the ‘Fiscal Panorama of Latin Americaa nd the Caribbean 2018 – Public Policy Challenges in the Framework of the2 030 Agenda’. The report is a regular annual publication by the UN’sE conomic Commission for Latin America and the Caribbean (ECLAC). 

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