Most members of the Organisation for Economic Cooperation and Development (OECD) have agreed to establish a framework for exchanging information on real estate. This was reported by the official OECD portal.
The Economic Commission for Latin America and the Caribbean (ECLAC) presented a report that indicated this figure. It is significantly higher than the average for Asia (4%), Europe (11%) or the United States (4%), and results in annual revenue losses of € 19 billion for the region due to tax evasion.
