The Forum on Tax Administration (FTA) discussed tax issues at its plenary meeting on 27 to 29 September 2017. The FTA includes the Tax Commissioners of fifty tax administrations covering industrialized and emerging economies including the OECD and G20 countries. Important issues discussed at the plenary meeting included:
- The main priorities for the incoming G20 Presidency, including effective implementation of the OECD recommendations on base erosion and profit shifting outcomes, the Common Reporting Standard for exchange of information on offshore accounts and other actions such as a new pilot on joint risk assessment of multinationals;
- The ongoing efforts to improve tax compliance and combat the shadow economy focusing on the effective use of data; the management of tax debt; and how to minimise identity fraud through effective registration and identification;
- The use of digital new technologies, analytical tools and enhanced data sources by tax authorities.
The plenary meeting agreed to continue working on options for sharing information on payments made by online intermediaries in the sharing economy. The meeting also noted the importance of collective work on digital technologies to obtain benefits for compliance and customer service, reducing compliance burdens in particular for SMEs.
