The FA promotes adherence to the Global Minimum Tax

In the upcoming Rendición de Cuentas, the Uruguayan government will include a far-reaching strategic decision: joining the 15% global minimum tax for multinationals, promoted by the OECD and supported by G7 countries. Although it is presented as a mere technical adjustment to new international rules, this step has deep implications for the country's fiscal policy and economic sovereignty.

The official narrative is well known: Uruguay must "align with global standards" to avoid falling behind. However, this justification conceals an uncomfortable truth: it is an explicit surrender of the national capacity to compete fiscally in a world where the powerful want to set the rules to suit themselves. The new tax doesn't seek justice, but uniformity. Uniformity in fiscal policy benefits those who already control the board and harms those who try to differentiate themselves to attract investment and development.

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For years, Uruguay has used tools such as free trade zones, promotional regimes, and a relatively attractive tax structure to position itself in a difficult neighborhood. That strategy, although not without criticism, has produced results. Reducing that margin of action due to external pressure means giving up one of the few real economic policy instruments the country still retains.

It is true that joining may prevent companies from being taxed by other countries under the new scheme. However, the question is not only technical: should Uruguay passively accept a fiscal architecture designed by and for economies with problems we do not share? Or should it at least openly discuss whether that model suits us?

The fact that a decision of this magnitude is discreetly included in a Rendición de Cuentas says a lot about the current political climate. Debate is avoided, the scope is minimized, and the discussion is shifted to technical language. However, the truth is that, under the appearance of a "regulatory update," a principle is being validated that erodes each country's freedom to define its own fiscal and economic course.

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International integration doesn't require submission. Uruguay can and should participate in global forums, but from the defense of its interests, not from automatic obedience to the new global tax consensus, which is neither neutral, nor universal, nor necessarily convenient for everyone.

There are decisions that shape the future without major headlines. This is one of them. It would be advisable to discuss it with the seriousness it deserves.