OECD-report Revenue Statistics 2019 released: Tax revenues have reached a plateau

Tax revenues in advanced economies reached a plateau during 2018, with almost no change seen since 2017, according to new OECD research. This ends the trend of annual increases in the tax-to-GDP ratio seen since the financial crisis. The 2019 edition of the OECD’s annual Revenue Statistics publication shows that the OECD average tax-to-GDP ratio was 34.3% in 2018, virtually unchanged since the 34.2% in 2017. The release of the report was ...
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IMF Staff Concluding Statement of the 2019 Article IV Mission to Curaçao and Sint Maarten

Op 2 december 2019 is op de website van het Internationaal Monetair Fonds (IMF) de zogenoemde “Staff Concluding Statement” gepubliceerd met betrekking tot de ‘Article IV mission’ naar Curaçao en Sint Maarten. Een “Concluding Statement” beschrijft de voorlopige bevindingen van de IMF-delegatie na afloop van een officiële missie naar een land. De Concluding Statement vangt aan met de volgende korte samenvatting van de bevindingen: “The monetary union of Curaçao and ...
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2019 Caribbean Forum: Regional Transformation for Inclusive and Sustainable Growth. Panel discussions will also focus on taxation in the tourism sector and developing an appropriate approach to tax incentives

The Government of Barbados, the Caribbean Development Bank (CDB) and the International Monetary Fund (IMF) organized the 9th Caribbean Forum in Barbados on 6 November 2019, as announced on the website of the IMF. The event brought together senior policymakers, public, private, and multilateral development partners to explore avenues for regional transformation to achieve sustainable and inclusive growth. Panel discussions will focus on leveraging institutional arrangements to boost regional integration, ...
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Taxes on polluting fuels are too low to encourage a shift to low-carbon alternatives

Taxing polluting sources of energy is an effective way to curb emissions that harm the planet and human health, and the income generated can be used to ease the low-carbon transition for vulnerable households. Yet 70% of energy-related CO2 emissions from advanced and emerging economies are entirely untaxed, offering little incentive to move to cleaner energy, according to a new OECD report as announced in a press release published on ...
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Use of digital technologies set to increase tax compliance

The eighth edition of the OECD's Tax Administration Series published ON 23 September 2019 shows how tax administrations are increasingly moving to e-administration and using a range of technology tools, data sources and analytics to increase tax compliance, according to a press release published on the website of the OECD. From the press release: Commenting on the report, Pascal Saint-Amans, Director of the OECD Centre for Tax Policy and Administration ...
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OECD releases latest dispute resolution statistics at its first Tax Certainty Day

The first OECD Tax Certainty Day took place on 16 September 2019 at OECD headquarters in Paris, according to a press release published on the website of the OECD. From the press release: As recognised by G20 Ministers, maintaining and enhancing tax certainty brings benefits for taxpayers and tax administrations alike and is key in promoting investment, jobs and growth. This is particularly the case against the backdrop of the ...
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OECD Taxation Working Paper: The Potential of Tax Microdata for Tax Policy

On 9 September 2019, the release of the publication of the OECD Taxation Working Paper: The Potential of Tax Microdata for Tax Policy was announced on the website of the OECD. This paper explores one distinctive form of the ‘big data’ of economics – individual tax record microdata – and its potential for tax policy analysis. The paper draws on OECD collaborations with Slovenia and Ireland in 2018 where tax ...
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As the pace of tax reform slows, countries are urged to take bolder action

The pace of tax reforms has slowed across most leading economies and bolder tax reforms will be needed to address future challenges, according to a new OECD report. This was announced in a press release published on the website of the OECD. Tax Policy Reforms 2019 describes the latest tax reforms across all OECD countries, as well as in Argentina, Indonesia and South Africa. The report identifies major tax policy trends and ...
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Distance-based charging supports the shift to sustainable road transport, can help sustain tax revenues and improve environmental and mobility outcomes

Distance-based charges can help sustain tax revenues and improve environmental and mobility outcomes as future vehicles rely less on fossil fuels. According to a new report, Tax Revenue Implications of Decarbonising Road Transport - Scenarios for Slovenia, released on 22 May 2019, tax revenue from diesel and gasoline use in private cars is likely to decline substantially in the coming decades. This would put stress on government budgets, particularly in countries ...
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Leading global tax administrations agree collective actions on tax certainty, co-operation and digital transformation

The Forum on Tax Administration (FTA), the 53 leading global tax administrations, met in Chile on 26-28 March and agreed an ambitious agenda focused on tax certainty, enhanced tax co-operation and the collective challenges of digital transformation, according to a press release on the website of the OECD. Hans Christian Holte, Chair of the FTA and Head of the Norwegian Tax Administration said, "FTA members collectively bring in over EUR ...
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Latin America and the Caribbean: Public revenues rebound in 2017 after dip in 2016

The average tax-to-GDP ratio in Latin America and the Caribbean (LAC) rose to 22.8% in 2017, a gain of 0.2 percentage points from 2016, according to Revenue Statistics in Latin America and the Caribbean 2019. The report, launched on 25 March 2019 at the XXXI Regional Fiscal Seminar in Santiago, Chile, finds that the rebound was primarily driven by Caribbean countries and in particular Guyana and Barbados, on the back ...
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New brochure outlining the OECD’s work on tax

The OECD has released a new brochure outlining the OECD’s work on tax: “OECD Work on Taxation 2018-19”. In his preface to the brochure, the OECD’s Secretary-General Mr. Angel Gurría recalls among others that great success was achieved in tackling tax evasion through the Global Forum on Transparency and Exchange of Information for Tax Purposes (which has more than 150 members, hereafter: “the Global Forum”) and that it is estimated ...
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Tax reforms accelerating with push to lower corporate tax rates

Countries have used recent tax reforms to lower taxes on businesses and individuals, with a view to boosting investment, consumption and labour market participation, continuing a trend that started a couple of years ago, according to a new report from the OECD. This has been expressed by the OECD in a press release on its website covering the release on 5 September 2018 of the report "Tax Policy Reforms 2018; ...
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OECD launches largest source of comparable tax revenue data

A new database providing detailed and comparable tax revenue information for 80 countries around the world – and which will expand to cover more than 90 countries by the end of 2018 – was unveiled today during the 5th plenary meeting of the Inclusive Framework on BEPS, held in Lima, Peru. This was announced in a press release dated 28 June 2018 published on the website of the OECD. The Global ...
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Countries must strengthen tax systems to meet Sustainable Development Goals

On 14 February 2018, the first day of a three day conference organised by the Platform for Collaboration on Tax (PCT) held at UN headquarters on "Taxation and the SDGs", major international organisations - including the IMF, OECD, UN and World Bank Group - called on governments from around the world to strengthen and increase the effectiveness of their tax systems to generate the domestic resources needed to meet the ...
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