OECD Tax and Development Programme

Donor
OECD started in 2013 a large international project to prevent Base Erosion and Profit Shifting (BEPS) BEPS-package (http://www.oecd.org/tax/beps/) was finalized in 2015 (autumn). The Inclusive Framework on BEPS has more than 100 countries. It covers considerably larger area than OECD. Especially developing economies and countries have been invited to participate in the Inclusive Framework on BEPS on an equal footing. Revenue losses from BEPS are conservatively estimated at USD 100-240 billion annually or anywhere from 4-10% of global corporate income tax (CIT) revenues. Given developing countries? greater reliance on CIT revenues as a percentage of tax revenue the impact of BEPS on these countries is particularly significantIn 2017?2020 impact objective is enhanced Domestic Resource Mobilization for developing countries. Outcome-level objective is that developing countries have improved capacity to tax Multinational Enterprises fairly and effectively. Output-level objectives are.?the effective participation of developing countries in BEPS standard setting and policy solutions including through a new regional architecture for developing countries;?the effective implementation by developing countries of the BEPS package of minimum standards and other priority actions for developing countries; and?enhanced legislation organizations and human resource capabilities in developing countries.Finland has pledged its support to strengthening the tax base of developing countries in the Agenda 2030 and in the Addis Ababa Action Plan where Finland committed to double the support for Tax and Development. To develop taxation is in accordance with the third priority area of Finnish development policy (Societies have become more democratic and better-functioning).Finland's contribution for OECD's BEPS and Developing Countries -programme is 500 000 ? in 2017-2019.
Commitment
USD 563634.31
Disbursement
USD 225453.73
Year
2017
Project Start Date
June 16, 2017
Project End Date
December 31, 2018
Project Number
89892691
Project crsid
2017170237