Vol.18  No. 424 Tuesday Edition,  April 24, 2018
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Costa Rica and United States sign
new agreement to share tax information

By A.M. Costa Rica staff

Representatives of the governments of Costa Rica and the United States signed a new agreement for the exchange of tax information with the objective of meeting the current standard of  transparency established by the Organization for Economic Cooperation and Development.

The agreement was signed by the President Luis Guillermo Solís Rivera, and the U.S. ambassador, Sharon Day, and must be submitted to the Legislative Assembly for ratification.

Under this agreement, both countries will offer assistance through the exchange of information in order to determine, settle and collect taxes, as well as to collect and execute tax claims, or to investigate or prosecute tax matters. All this information will be treated confidentially between both parties, according to the agreement.

The renegotiation of this agreement, initially signed in 1989 and in force since 1991, began in September 2014 and ended in the first quarter of this year.

"The signing of the new tax information exchange agreement with the United States represents another step in the search for greater fiscal transparency, one of the most important objectives assumed by our country for several years,” said Leonardo Salas, vice minister of Finance. “This new agreement shows the commitment of the country to carry out an effective exchange of information in accordance with the standards of the Global Forum on Transparency and Exchange of Information of the OECD, which has a positive impact on the process of access to that organization. I want to thank all the collaborators who participated in the negotiation and signature process, whose effort is reflected in the satisfactory conclusion of the agreement."

U.S. Embassy courtesy photo
President Luis Guillermo Solís, and the U.S. ambassador, Sharon Day, signed a new agreement for the exchange of tax information.

In 2013 in compliance with the U.S. Foreign Account Tax Compliance ActLaw, Costa Rica and the United States signed an agreement in which they undertook to share financial information, to report on the financial transactions that U.S. citizens perform in Costa Rica.

Currently, Costa Rica has valid tax information exchange agreements with Argentina, Canada, Finland, France, Holland, Mexico, Iceland, Finland, Faroe Islands, Greenland, Norway, Denmark, Australia, South Africa, Ecuador, El Salvador, Spain, Guatemala, Honduras, Nicaragua and Sweden. The agreements were also signed with Guernsey, Italy and the Republic of Korea.

The country also signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matter in 2013, under which it can exchange tax information with 117 countries that have this convention in force.

Solís to Ortega: Nicaraguan immigrants
are not mistreated in the country

By the A.M. Costa Rica staff

President Solís Rivera, said Monday that Nicaraguans in Costa Rica are not persecuted, intimidated or have their violated rights. He was responding to Nicaraguan officials who claimed otherwise.

The president's statement comes three days after the government of Daniel Ortega Saavedra sent a letter through the Ministry of Foreign Affairs to the Nicaraguan embassy in Costa Rica claiming that the treatment of Nicaraguan migrants here is discriminatory, degrading and often racist.

"So far I think we have done everything that has been within our reach to ensure that our relationships remain normal, including care, and when I say care I mean careful and fraternal attention to the Nicaraguan population living in Costa Rica,” said the Costa Rican president. “They are not persecuted, they are not intimidated, their rights are not violated, but rather they and their children are guaranteed access to education and public health, as has been the policy throughout many years."

The Nicaraguan foreign ministry document also urged the government of Costa Rica to stay out of the social conflict that exploded Wednesday when Ortega signed a decree to reform the social security system.

The measure, which proposes an increase in the contributions of workers and employers and a reduction of 6 percent to retirees' pensions, initially caused protests in Managua and León, which were repressed by the National Police and groups of the Sandinista Youth.

CRdeclaration042418.jpg  Rommel Téllez /A.M. Costa Rica photo  
Nicaraguans living in Costa Rica rallied against the political crisis on Sunday.

Those clashes escalated in number and violence practically throughout the country, resulting in the death of at least 28 people, injury to about a hundred injured and at least 40 people missing according to local media.

Five days after the conflict began, the Nicaraguan president backed off the measure and called for a dialogue with the private business sector, which called for a peaceful march Monday. Thousands of citizens who are calling for the end of the repression participated.

U.S. pulls out family members
of diplomats deployed in Nicaragua

By the A.M. Costa Rica staff

The United States is shutting down routine operations at its embassy in Nicaragua and pulling out some if its employees amid a string of deadly protests.

The State Department says it's raising the threat level for Nicaragua and encouraging Americans to reconsider plans to travel there.

Family members of U.S. diplomats who work at the embassy are being ordered out of the country until security improves. The State Department says it's also allowing U.S. government officials posted to Nicaragua to leave on a case-by-case basis.

The U.S. Embassy in Managua will stop providing services to the public except for emergencies or by phone, it said.

Civil rights groups say dozens have died in protests and looting triggered by changes to the social security system. Sunday President Daniel Ortega withdrew the changes.

USEmbassyNicaragua042418.jpg  A.M. Costa Rica photo  
Nicaragua photo sent by one of our reader's whose name cannot be disclosed

wheater122017.jpg Airports012818.jpg




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