05/10/2018 - The four partner organisations to the Platform for Collaboration on Tax (PCT) will discuss critical challenges and opportunities for mobilising domestic resources to meet countries' development priorities, at the upcoming IMF-World Bank annual meetings in Bali, Indonesia.
The four organisations include the IMF, OECD, the United Nations, and World Bank Group. In an event on Tuesday 9 October titled "Stepping up to the Challenges on Domestic Resource Mobilisation – the Power of Co-operation", the principals of the PCT will address the challenges that countries face to mobilise taxes and other domestic resources for meeting their development goals.
Strengthening tax systems – policy and administration – is a key development priority, and a core part of the Sustainable Development Goals (SDG) framework and the Addis Ababa Action Agenda. Together they set a challenge to raise significant additional tax revenues, in fair and efficient ways.
In 2016 the IMF, the OECD, the United Nations and the World Bank Group, the leading international actors on tax, created the Platform for Collaboration on Tax, as a central vehicle for their enhanced cooperation, enabling the development of common approaches, the delivery of joint outputs, and as a response to demands for a global dialogue on tax matters.
The four PCT partners each support country-led efforts through policy dialogue, technical assistance and capacity building, knowledge creation and dissemination, and input into the design and implementation of standards for international tax matters. The PCT also produces guidance and tools on key issues of capacity building and international taxation, and has developed the Medium-Term Revenue Strategy, which is an approach for coordinated and sustained support to comprehensive country-led tax reform.
The event, which is open to all registered participants of the 2018 IMF-World Bank Group annual meetings, is an opportunity to hear from senior officials of the Platform organisations, who will discuss progress made, plans, and the challenges facing the international tax landscape, particularly in an increasingly digital economy.
The event will be livestreamed at: www.worldbank.org/en/events/2018/10/04/stepping-up-to-the-challenges-on-domestic-resource-mobilization
For more information on the PCT, please visit: www.worldbank.org/en/programs/platform-for-tax-collaboration