HomeNewsBriefBusiness Group Slams Central America Security Tax
BRIEF

Business Group Slams Central America Security Tax

JUDICIAL REFORM / 13 JUL 2011 BY JEN SOKATCH EN

A Central American business federation has come out against the imposition of new "security taxes" to fund governments' fight against organized crime in the region.

The Federation of Central American Chambers of Commerce (FECAMCO) released a statement explaining that it did not support increasing taxes in the emerging economies of Central America in the middle of an economic “crisis,” according to reports.

Instead the body called for governments to implement “effective measures to control tax evasion, broaden the tax base, combat corruption,” as well as making “rational and efficient use of public expenditures to strengthen institutional and social stability.”

The countries of Central America, hit by a wave of crime, have announced a security strategy which is set to cost nearly one billion dollars. Details of the strategy were given at the International Conference in Support of the Central American Security Strategy, held in Guatemala from June 22 to 23.

There was discussion at the conference on the need for higher taxes in the region to fund the fight against organized crime, led by the U.S.'s call for Central America's wealthy to pay their way. The region has one of the lowest tax revenues as a percentage of GDP in the world.

share icon icon icon

Was this content helpful?

We want to sustain Latin America’s largest organized crime database, but in order to do so, we need resources.

DONATE

What are your thoughts? Click here to send InSight Crime your comments.

We encourage readers to copy and distribute our work for non-commercial purposes, with attribution to InSight Crime in the byline and links to the original at both the top and bottom of the article. Check the Creative Commons website for more details of how to share our work, and please send us an email if you use an article.

Was this content helpful?

We want to sustain Latin America’s largest organized crime database, but in order to do so, we need resources.

DONATE

Related Content

HAITI / 26 MAR 2021

Officials in Haiti are calling on authorities to break up a group of disaffected, violent police officers that has in…

BRAZIL / 5 SEP 2022

Brazil's city of Rio de Janeiro is suffering a major security crisis, as gender and religion affect organized crime in…

COCAINE / 2 DEC 2020

Authorities in Guatemala have arrested seven individuals, among them four police officers, accused of belonging to a criminal organization…

About InSight Crime

LA ORGANIZACIÓN

Extensive Coverage of our Chronicles of a Cartel Bodyguard

23 SEP 2022

Our recent investigation, A Cartel Bodyguard in Mexico’s 'Hot Land', has received extensive media coverage.

THE ORGANIZATION

InSight Crime, American University Host Illegal Fishing Panel

19 SEP 2022

InSight Crime and the Center for Latin American & Latino Studies (CLALS) at American University discussed the findings of a joint investigation on IUU fishing at a September 9 conference.

THE ORGANIZATION

Impact on the Media Landscape

9 SEP 2022

InSight Crime’s first investigation on the Dominican Republic made an immediate impact on the Dominican media landscape, with major news outlets republishing and reprinting our findings, including in …

THE ORGANIZATION

InSight Crime Sharpens Its Skills

2 SEP 2022

Last week, the InSight Crime team gathered for our annual retreat in Colombia, where we discussed our vision and strategy for the next 12 months.  During the week, we also learned how to…

THE ORGANIZATION

Colombia’s Fragile Path to Peace Begins to Take Shape

26 AUG 2022

InSight Crime is charting the progress of President Gustavo Petro’s agenda as he looks to revolutionize Colombia’s security policy, opening dialogue with guerrillas, reforming the military and police, and…