On April 19, 2016 the OECD issued a press release announcing that on that same date the International Monetary Fund (IMF), the Organisation for Economic Co-operation and Development (OECD), the United Nations (UN) and the World Bank Group (WBG) announced the details of their joint effort to intensify their co-operation on tax issues: “the Platform for Collaboration on Tax”. According to the press release the Platform will not only formalise regular discussions between the four international organisations on the design and implementation of standards for international tax matters, it will strengthen their capacity-building support, deliver jointly developed guidance, and share information on operational and knowledge activities.

 

According to the press release among the Platform’s first tasks will be to deliver a number of 'toolkits' designed to help developing countries implement the measures developed under the G20/OECD Base Erosion and Profit Shifting Project and on other international tax issues. The first of these toolkits, focusing on tax incentives, was delivered in November 2015. In the press release it is also stated that the platform members will hold regular meetings with representatives of developing countries, regional tax organisations, banks and donors. Consultations with business and civil society will be organized as needed.

 

A Concept Note regarding the Platform for Collaboration on Tax that was also published on April 19, 2016 provides the following objectives for the Platform for Collaboration on Tax:

"The overarching aim for cooperation among the International Organizations (IOs) is to better support governments in addressing the tax challenges they face. The Platform will provide means to help achieve this, by providing a structured and transparent framework for:

1.     Producing concrete joint outputs and deliverables under an agreed work plan, implemented in collaboration by all or selected IOs, and leveraging each institution’s own work program and comparative advantage. The outputs may cover a variety of domestic and international tax matters.

2.     Strengthening dynamic interactions between standard setting, capacity building and technical assistance (experience and knowledge from capacity building work feeding into standard setting and vice-versa, including timing of implementation).

3.     Sharing information on activities more systematically, including on country level activities."

 

With respect to the activities of the Platform the Concept Note shortly touches on the following jointly outputs that are expected to be published under the Platform’s brand:

·        Develop appropriate tools for developing countries in the taxation of Multinational Enterprises (MNEs), including in relation to the new measures from the BEPS reports.

·        Support interested developing countries to participate in the implementation of the BEPS package and input into future global standard setting on international

·        Capacity Development Issues.

·        Improving awareness to build comprehensive and effective exchange of information mechanisms.

·        Taxation and the ‘Informal’ Economy

·        Information Sharing and Coordination among the Members

 

Click here to be forwarded to the Concept Note regarding the Platform for Collaboration on Tax which were published on April 19, 2016 as available on the website of the OECD, which will open in a new window.

 

 

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