Saturday , October 24, 2020 |   11:15:00 IST
About Us Contact Us Newsletters
CBDT posts Sukhad Chaturvedi, IRS & Bhanu Pratap Singh, IRS as OSDs in FT&TR Division (See 'Bulletin Borad') CBDT diverts DC-level post from Hyderabad to Bengaluru APA (See 'Bulletin Board') TP - CIT is correct is exercising power u/s 263 as assessment order is erroneous if passed ignoring CBDT Instruction No.3/2003: HC (See 'Breaking News') TP - OP/OC margin of comparables companies should have been calculated based on financial data reported in their audited financial statements: ITAT (See 'Breaking News') TP - TPO is justified in rejecting arm's lenght price based on foreign AEs taken as tested party having entirely different geographical area: ITAT (See 'Breaking News') I-T - Provisions of Section 194C & 195 are applicable to payments made to non-resident shipping companies or to agents of non-resident shipping companies: ITAT (See 'Breaking News') TP - Payment of depreciation is an outgoing expenditure & on which no TDS is liable to be deducted: ITAT (See 'Breaking News') Tax Returns & Politicians - They necessarily make quaint & strange bedfellows! (See 'The Cob(Web' Column) Tax Returns & Politicians - They necessarily make quaint & strange bedfellows! (See 'THE COB(WEB)' in TIOL) I-T - It is fit case for remand where DRP omits to record findings in respect of certain factual aspects of matter at hand where e assessee is awaiting verdict of Special Bench of Tribunal in respect of certain issue: ITAT (See 'Breaking News') TP - Absence of contrary being proved by assessee and following order passed by Tribunal in assessee's own case for previous AY, it is decided that TNMM is most appropriate method for assessee: ITAT (See 'Breaking News')
Home >> News Brief

Tax Inspectors Without Borders help DCs garner USD 537 mn addl tax revenue
By TII News Service
Sep 29, 2020 , Paris

THE international community continues to make progress towards strengthening developing countries’ ability to effectively tax multinational enterprises, despite the adverse impact of the COVID-19 crisis on domestic resource mobilisation efforts.

Tax Inspectors Without Borders (TIWB), a joint OECD/UNDP initiative launched in July 2015 to strengthen developing countries’ auditing capacity and multinationals’ compliance worldwide, has gained increased relevance in the COVID-19 era as a practical tool to help developing countries collect all the taxes due from multinational enterprises. To-date, TIWB assistance has delivered more than USD 537 million in additional revenue for developing countries up to June 2020, according to its latest annual report.

The report was presented today by OECD Secretary-General, Angel Gurría, and United Nations Development Programme Administrator, Achim Steiner, during a ministerial panel discussion in the margins of the 75th session of the United Nations General Assembly. The meeting was co-hosted by the Permanent Mission of Finland to the United Nations, the OECD and UNDP

With programmes across Africa, Asia, Eastern Europe, Latin America and the Caribbean, the TIWB initiative has 80 completed and ongoing programmes in 45 countries and jurisdictions worldwide. An additional 19 programmes have been requested and are in the pipeline. The report notes strong support from a broad range of partners, including regional and international organisations, as well as key donors of official development assistance (ODA). Sixteen countries have deployed their serving tax officials to provide hands-on, learning-by-doing assistance to auditors in developing countries. Among the partner administrations are those engaged in South-South co-operation including India, Kenya, Mexico, Morocco, Nigeria and South Africa.

The success of the current TIWB model has also triggered the expansion of the initiative on tax crime investigations and the use of information exchanged automatically between governments, both of which will help fight Illicit Financial Flows. New programmes will also cover tax treaty negotiations, the extractives and environmental tax issues.

“Despite the constraints that the COVID-19 crisis has imposed, the TIWB initiative remains fully ‘open for business’ thanks to measures instituted to support experts in continuing to deliver assistance remotely,” said OECD Secretary-General Angel Gurría. “Not only are we open, but we are extending the TIWB focus to provide support in other areas of taxation to fight against corruption and promote integrity.”

“Tax Inspectors Without Borders is playing a key role in helping developing countries to recover from the pandemic - their new service aims at increasing domestic revenues while supporting the transition to greener, more sustainable economies,” said Mr Steiner, UNDP Administrator.

In his address to the meeting, H.E. Ville Skinnari, Finland’s Minister for Development Co-operation and Foreign Trade, said “I congratulate UNDP, OECD and the wider UN-system to promote tax justice and domestic resource mobilisation. We have done our homework in Finland, too: In June this year we launched Government of Finland’s new Taxation for Development Action Programme.”

To lead TIWB into this new phase of expansion, the Former Vice Minister of Finance of Georgia, Ms. Rusudan Kemularia, has been appointed Head of the TIWB Secretariat. Prior to joining the OECD, Ms. Kemularia also worked as a Rector of the Finance Academy, Head of the Legal and Financial Policy Departments, Secretary to the Parliament, and Co-Chair of the Tax Dispute Resolution Counsel from 2008-2019 in Georgia.

  • DTAA
  • Circulars (I-T Act, 1922)
  • Limited Treaties
  • Other Treaties
  • TIEAs
  • Notifications
  • Circulars
  • Relevant Sections of I-T Rules,1962
  • Instructions
  • Administrative Orders
  • DRP Panel
  • I-T Act, 1961
  • MLI
  • Relevant Portion of I-T Act,1922
  • GAAR
  • MAP
  • OECD Conventions
  • Draft Guidelines
  • DTC Bill
  • Committee Reports
  • Intl-Taxation
  • Finance Acts
  • Manual on EoI
  • UN Model
  • Miscellaneous
  • Cost Inflation Index
  • Union Budget
  • Information Security Guidelines
  • APA Annual Report
  • APA Rules
  • Miscellaneous
  • Relevant Sections of Act
  • Instructions
  • Circulars
  • Notifications
  • Draft Notifications
  • Forms
  • TP Rules
  • UN Manual on TP
  • Safe Harbour Rules
  • US Transfer Pricing
  • FEMA Act
  • Exchange Manual
  • Fema Notifications
  • Master Circulars
  • Press Notes
  • Rules
  • FDI Circulars
  • RBI Circulars
  • Reports
  • FDI Approved
  • RBI Other Notifications
  • FIPB Review
  • FEO Act
  • CBR Act
  • NBFC Report
  • Black Money Act
  • PMLA Instruction
  • PMLA Bill
  • FM Budget Speeches
  • Multimodal Transportation
  • Vienna Convention
  • EXIM Bank LoC
  • Manufacturing Policy
  • FTDR Act, 1992
  • White Paper on Black Money
  • Posting Policy
  • PMLA Cases
  • Transfer of Property
  • MCA Circular
  • Limitation Act
  • Type of Visa
  • SSAs
  • EPFO
  • Acts
  • FAQs
  • Rules
  • Guidelines
  • Tourist Visa
  • Notifications
  • Arbitration
  • Model Text
  • Agreements
  • Relevant Portion of I-T Act
  • I-T Rules, 1962
  • Circulars
  • MISC
  • Notification
  • About Us
  • Contact Us
    A Taxindiaonline Website. Copyright © 2010-2020 | Privacy Policy | Pvt.Ltd. All rights reserved.