The Asia Initiative is focused on developing tailored solutions to ensure the implementation of tax transparency standards across Asia.
On 17 November 2021, Indonesia’s Minister of Finance Sri Mulyani Indrawati and the President of the Asian Development Bank (ADB), Masatsugu Asakawa, both firmly supported the launch of an Asia Initiative on tax transparency and called on jurisdictions in the region to join this important milestone to support post-pandemic recovery efforts.
On 14 July 2022, ministers from 13 Asian jurisdictions endorsed the Bali Declaration (Asia Initiative Declaration) as a call to enhance the use of tax transparency for sustainable domestic resource mobilisation in the region. The signing ceremony was held on the margins of the third G20 Finance Ministers and Central Bank Governors' meeting in Bali, Indonesia. Four other jurisdictions have since joined the Declaration.
The Asia Initiative is currently co-chaired by Mr Kazuhiko Ejima, Commissioner of the National Tax Agency, Japan, and Mr Hassan Zareer, Commissioner General of the Maldives Inland Revenue Authority.
