As an observer to the Global Forum, WATAF will participate in plenary meetings and other events. It will contribute to the promotion of international exchange of information among tax administrations as a powerful tool to tackle cross-border tax evasion and improve domestic resource mobilisation.
OECD Secretary-General Mathias Cormann welcomed today’s ground-breaking agreement by G7 Finance Ministers on key elements of international tax reform designed to address the tax challenges of the digitalisation and the globalisation of the economy.
On 29 March 2021, as part of the ongoing work of the OECD/G20 Inclusive Framework on BEPS, the OECD secretariat invited public comments on proposed changes to the commentaries on Article 9 and related articles of the OECD Model Tax Convention. The OECD is grateful to commentators for their input and now publishes the comments received.
African tax administrations adapted swiftly to challenging circumstances in 2020 and managed to advance the tax transparency agenda on the continent. Members of the Africa Initiative expanded their EOI networks and the amount of exchange of information requests they sent increased more than thirteenfold since the start of the Initiative in 2014. For the first time, African countries sent more requests than they received.
Despite the significant disruption caused by the COVID-19 pandemic and the necessity to hold all meetings virtually, work has continued with the release today of the stage 2 peer review monitoring reports for Estonia, Greece, Hungary, Iceland, Romania, the Slovak Republic, Slovenia and Turkey.
On 3 May 2021, the Conference of the Parties to the MLI approved an opinion that sets out a series of guiding principles for addressing questions about the interpretation and implementation of the MLI.
The OECD released a new report today – Tax Co-operation for Development: Progress report in the COVID-19 era, looking back on the past year showing how developing countries have interacted with the OECD on a range of tax policy and administration issues.
Inheritance taxation can be an important instrument to address inequality, particularly in the current context of persistently high wealth inequality and new pressures on public finances linked to the COVID-19 pandemic, according to a new OECD report.
The OECD and the Cercle de réflexion et d’échange des dirigeants des administrations fiscales (CREDAF) signed a renewal of their Memorandum of Understanding agreeing to extend their collaboration in promoting fair and efficient tax systems and enhancing the efficiency and effectiveness of tax administrations for a further three years.
The Global Forum launched its Train the Trainer pilot programme under the umbrella of the Africa Initiative in April 2021. The project is designed to assist participating jurisdictions in providing local training to tax auditors and investigators.