It is critical that African countries increase their domestic resource mobilization. The pressing need for economic stimulus in response to the devastating effects of the COVID-19 pandemic has compounded preexisting budgetary pressures for governments.
The implementation of the BEPS package to tackle international tax avoidance continues to progress, as the OECD releases the latest peer review report assessing the actions taken by jurisdictions to prevent tax treaty shopping and other forms of treaty abuse under Action 6 of the OECD/G20 BEPS Project.
Tax base erosion & profit shifting (BEPS) in mining is a critical issue for Latin American governments. Officials say they need more capacity on mineral pricing & metals streaming.
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This report outlines key developments in international tax reform in recent months, in particular the developments regarding the two-pillar agreement, as well as progress made in tax transparency, the implementation of the BEPS minimum standards and the taxation of MNEs. The report also provides the latest on OECD work to establish an Inclusive Framework-like initiative to facilitate dialogue on implicit and explicit carbon pricing.
By Jorge Moreira da Silva, Director of the OECD Development Co-operation Directorate and Pascal Saint-Amans, Director, OECD Centre for Tax Policy and Administration.
Following the political agreement reached in October 2021 by over 135 countries to address the tax challenges arising from the digitalisation and globalisation of the economy, work on the implementation aspects of reform is underway. See how the 140+ members of the Inclusive Framework on BEPS intend to consult stakeholders during this next phase.