OECD Reports Significant Progress on Tax Inspectors Without Borders

OECD Reports Significant Progress on Tax Inspectors Without Borders
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OECD Reports Significant Progress on Tax Inspectors Without Borders
November 23rd, 2016
On November 11, the OECD informed that a significant progress has been made within the Tax Inspectors Without Borders (TIWB) Project that provides assistance to countries on revenue recovery and improving local audit capacity. It currently runs thirteen projects in different countries and several new programs will be launched in the coming year.

On November 11, the OECD informed that a significant progress has been made within the Tax Inspectors Without Borders (TIWB) Project that provides assistance to countries on revenue recovery and improving local audit capacity. It currently runs thirteen projects in different countries and several new programs will be launched in the coming year.

Multinationals to Pay Fair Share of Tax

TIWB is an international program designed to enhance developing countries' ability to bolster domestic revenue collection through strengthening of tax audit capacities and auditing multinational companies. It was launched in July 2015 by the Organization for Economic Cooperation and Development (OECD) and the United Nations Development Program (UNDP) as an innovative attempt to address widespread tax avoidance by multinational enterprises in developing countries.

James Karanja, head of the TIWB Secretariat, said: "The Tax Inspectors Without Borders program is demonstrating how effective capacity building can make a difference toward the goal of ensuring that all companies pay their fair share of tax."

TIWB Projects 

Eight pilot projects present in Africa, Asia and Latin America have resulted in more than $260 million in additional tax revenues to date. This includes more than $100 million in new tax revenues generated through TIWB audits in Zimbabwe. Thirteen projects are underway worldwide, in Botswana, Costa Rica, Ethiopia, Georgia, Ghana, Jamaica, Lesotho, Liberia, Malawi, Nigeria, Uganda, Zambia and Zimbabwe. A range of new programs will launch in the coming year – including new deployments of auditors to Republic of Congo, Egypt, Uganda, Cameroon and Vietnam.

Source: OECD
 

OECD Reports Significant Progress on Tax Inspectors Without Borders
; posted on
November 23rd, 2016
On November 11, the OECD informed that a significant progress has been made within the Tax Inspectors Without Borders (TIWB) Project that provides assistance to countries on revenue recovery and improving local audit capacity. It currently runs thirteen projects in different countries and several new programs will be launched in the coming year.
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