IMF Report Considers the Economic Situation in Italy
On 19 May 2022 the IMF issued a concluding statement following discussions with Italy under Article IV of the IMF’s articles of agreement. By the end of 2021 Italy’s economy had recovered to a level close to its pre-pandemic output,
See MoreECOSOC: Meeting to Discuss International Cooperation in Tax Matters
The UN Economic and Social Council (ECOSOC) met on 8 April 2022 to consider international cooperation in tax matters. The discussions covered tax and the digital economy and illicit financial flows. Tax and the Digital Economy The meeting
See MoreIMF: Untapped Revenue Potential of Personal Income Tax
An IMF blog post of 24 March 2022 considers the potential for developing countries to raise more revenue from the personal income tax. This issue has gained importance as low-income countries look for a sustainable recovery after the pandemic and
See MoreOECD: Strengthening African Tax Administrations to Increase Revenue from Mining
On 23 March 2022 a blog post by the training unit of the OECD, the African Tax Administration Forum (ATAF) and the Intergovernmental Forum on Mining, Minerals, Metals, and Sustainable Development (IGF) considered how to strengthen the role of the
See MoreIMF Report on Armenia’s Economic Situation
On 17 March 2022 the IMF published a report following discussions with Armenia in relation to the sixth and final review of the economic program which is supported by a three-year IMF stand-by arrangement (SBA). Armenia is in a stronger economic
See MoreOECD: Tax Administration Capacity Building in Relation to the Mining Sector in Latin America
On 15 March 2022 the OECD published a blog post on its website commenting on the importance of capacity building to enable tax administrations to collect a fair amount of tax and royalties from mining activities. The post highlighted the
See MoreWorld Bank: Economic Update on Papua New Guinea Recommends Tax Changes
On 4 March 2022 the World Bank published an economic update on Papua New Guinea recommending changes in tax policy and administration to improve revenue collection. The report notes that tax collection has been in decline, and this has been made
See MoreOECD: Creation of New Co-Chair of the Inclusive Framework
On 1 March 2022 the OECD announced that the OECD/G20 Inclusive Framework on BEPS has elected Marlene Nembhard-Parker of Tax Administration Jamaica to a new position of Co-chair of the organisation. Ms. Nembhard-Parker will chair the group jointly
See MoreWorld Bank: Building Trust When Designing Tax Reform
On 17 February 2022 the World Bank issued a publication entitled Innovations in Tax Compliance: Building Trust, Navigating Politics and Tailoring Reform, by Roel Dom, Anna Custers, Stephen Davenport and Wilson Prichard. The analysis looks at
See MoreOECD: Combating Tax Evasion and Financial Crimes in Latin America
An OECD blog post on 9 February 2022 looked at the fight against tax evasion and financial crimes in the Latin America region and at lessons learned from initiatives of the OECD’s Task Force on Tax Crimes and Other Crimes (TFTC) and the Criminal
See MoreIMF Report Assesses Colombia’s Economy
On 15 February 2022 the IMF issued a report on the economy of Colombia following discussions under Article IV of the IMF’s articles of agreement. Colombia’s economy is projected to grow by 4.5% in 2022, led by household consumption.
See MoreWorld Bank Economic Memorandum on Albania
On 11 February 2022 the World Bank published a document entitled: Albania Country Economic Memorandum: Strengthening the Sustainability of Albania’s Growth Model. The document looks at Albania’s economic challenges, examines progress with
See MoreIMF Report Examines the Economy of South Africa
On 11 February 2022 the IMF issued a report and a selected issues paper following discussions with South Africa under Article IV of the IMF’s articles of agreement. Economic growth was estimated at 4.6% in 2021 but is projected to reach only
See MoreOECD: 2022 Global Forum Capacity Building Report
On 3 February 2022 the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes published the 2022 Global Forum Capacity Building Report. Over the past decade the Global Forum has been involved in capacity building to
See MoreIMF: Report Examines the Economy of Mozambique
On 21 December 2021 the IMF issued a report following discussions with Mozambique under Article IV of the IMF’s articles of agreement. The report notes that Mozambique needs to take decisive policy action to ensure that its debts are
See MoreOECD: Digital Transformation Maturity Model
On 16 December 2021 the OECD’s Forum on Tax Administration (FTA) published a report on the Digital Transformation Maturity Model. The Digital Transformation Maturity Model was developed by the FTA’s Tax Administration 3.0 Maturity Model
See MoreOECD: Supporting the Digitalisation of Developing Country Tax Administrations
On 16 December 2021 the OECD’s Forum on Tax Administration (FTA) published a report entitled: Supporting the Digitalisation of Developing Country Tax Administrations. Digital technology is creating opportunities for more efficient ways for tax
See MoreUK: Improving the Tax Administration Framework
On 30 November 2021 the UK government published a summary of responses to the call for evidence entitled The Tax Administration Framework: Building a 21st Century Tax System. The call for evidence had been issued in March 2021. The government
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