OECD: Update on “tax inspectors without borders” | KPMG | GLOBAL

OECD: Update on “tax inspectors without borders”

OECD: Update on “tax inspectors without borders”

The Organisation for Economic Cooperation and Development (OECD) today issued an update on an international program designed to enhance developing countries' ability to bolster domestic revenue collection through strengthening of tax audit capacities—Tax inspectors without borders.

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The OECD release notes that the “tax inspectors without borders” project was launched in July 2015 by the OECD and the United Nations as an attempt to address widespread tax avoidance by multinational enterprises in developing countries, among other goals. The program organises the deployment of tax professionals to countries that request assistance with ongoing audits of multinational companies, with the projects focused on revenue recovery and improving local audit capacity as well as the need for tax compliance. Eight pilot projects (in countries located in Africa, Asia, and Latin America) have resulted in more than U.S. $260 million in additional tax revenues to date. 

Thirteen projects are underway currently in Botswana, Costa Rica, Ethiopia, Georgia, Ghana, Jamaica, Lesotho, Liberia, Malawi, Nigeria, Uganda, Zambia, and Zimbabwe.

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