THE OECD’s
Task Force on Tax and Development met in Seoul yesterday.
Governments, international and regional organisations, civil society and
business representatives reviewed progress made since the previous meeting
in South Africa in 2012 and explored further ways to help developing countries
better mobilise their domestic resources. While deliberating on many issues,
the Task Force resolved to take immediate actions on the following issues:
++ A
Task Force meeting dedicated to BEPS in March 2014 to inform a written submission
into the BEPS project, by June 2014. Regional Africa and Latin America information
sharing and consultation events will be held in early 2014.
++ An
update on scaled-up support to developing countries from the joint OECD,
World Bank and EC transfer pricing programme, by mid-2014. A scoping paper
on transfer pricing comparability issues, by March 2014.
++
Tax Inspectors without Borders: A practical Toolkit to support the sustainability
of this project by February 2014 and a report, by June 2014, covering pilot
projects..
A report to input into the Global Forum and the G-20 Development Working Group
on the opportunities and constraints facing developing countries in undertaking
automatic exchange of information for tax purposes, by mid-2014.
++
Further reviews of tax incentives in developing countries on a demand-led
basis and a knowledge sharing event on tax incentives will be planned for 2014.
The
Secretariat will work with the OECD to mobilise possible resources for newwork
on illicit financial flows, natural resource taxation and revenue statistics,
bearing in mind the need for prioritisation. Progress will be reported back
by mid-2014.
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