OECD: Tax inspectors without borders 2024 annual report, new focus on country-by-country data and digital economy
Updates on international tax initiative to assist developing countries in boosting tax revenues and better mobilizing domestic resources
The Organisation for Economic Cooperation and Development (OECD) today published the Tax Inspectors Without Borders (TWIB) Annual Report 2024 providing updates on the international tax initiative managed by the OECD and the United Nations Development Programme (UNDP) to assist developing countries in boosting tax revenues and better mobilizing domestic resources.
As explained in the accompanying OECD release, since its inception TIWB has successfully completed 71 programs across Africa, Asia and the Pacific, Eastern Europe and Latin America and the Caribbean, and an additional 59 programs are underway. The programs rely on TIWB's approach to deploying technical experts to developing country tax administrations, where they primarily provide practical, hands-on assistance in the auditing of multinational enterprises (MNEs).
Building on its auditing work, TIWB is now also providing practical hands-on assistance to tax authorities in both criminal tax investigation and the effective use of data acquired through multilateral automatic exchange of information initiatives, as well as piloting programs on digitalization of tax administrations and the practical implementation and effective use of country-by-country (CbC) reporting data.
Additional TIWB pilot programs will explore opportunities to support developing countries apply tax laws more effectively and increase revenues from taxation of the digital economy, including through the implementation of the global minimum tax and auditing value added tax (VAT) on digital trade.