Saturday, September 23, 2023

Tax Experts, Policy Makers converge to deliberate the future of Global Tax Governance

A century since the League of Nations first began to discuss international taxation, global tax governance has reached a critical juncture.

As the OECD’s Inclusive Framework negotiations draw towards a conclusion, there is a  sense that the decade-long experiment to reform international tax rules has disappointed.  While the outcome includes numerous changes to accommodate lower-income countries,  it redistributes few taxing rights to them, create more complexity, and comes at a considerable cost regarding tax sovereignty.

One of four holdout countries, Kenya, has signed on as a condition of trade negotiations with the US. There is a growing appetite for more radical redistribution and simplification, which is unlikely to be satisfied by the “two-pillar” solution.

WPP Scangroup PLC records KES 75m Profit After Tax in FY2022

Meanwhile, at the United Nations, the Committee of Experts sets a different course and expands its agenda to include wealth and environmental taxes.  Intergovernmental discussions set to begin in 2023 could lead to a new global tax convention that reshapes the landscape.

At the regional level, African Union is beginning to build on ATAF’s strong presence in multilateral negotiations, while the Colombian government has initiated regional  discussions in Latin America and the Caribbean. Some countries are becoming emboldened to adopt unilateral measures that break with the historical consensus,  notably in the taxation of the digital economy.

At this critical moment, the International Centre for Tax and Development is hosting a conference in Nairobi from June 5-7th titled ‘Global Tax Governance  at a Crossroads’ in partnership with the Kenya School of Revenue  Administration. The event will bring together more than 130 researchers and key actors in tax policy and administration from around the globe to debate key questions and discuss pertinent issues.

As Dr Martin Hearson, the ICTD’s Research Director, says,

“I’m excited that at this moment, where there is a real debate about the future of international cooperation, we’re bringing together so many experts and practitioners at the forefront of research and policy. We now have an unprecedented opportunity to debate what lower-income  countries need.”

Inside Nairobi’s church where congregants engage in sexual activities as others watch

The event will be held at the Serena Hotel, with the opening ceremony expected to commence on Monday, June 5th, at 9:00 am. The event will be graced by the Acting  Commissioner General of the KRA, Rispah Simiyu, the Commissioner of KESRA, Mwirigi  Mugambi, National Treasury representatives, and the Deans of the law schools of the  University of Nairobi and Strathmore University, alongside executives from the ICTD.

Journalists will be allowed to cover the event and attend both panel sessions that day; the second will address Kenya’s successes and challenges in international taxation and what other countries can learn from its experience.

Bizna Offer

Connect With Us

320,800FansLike
14,129FollowersFollow
8,376FollowersFollow
1,740SubscribersSubscribe
Bizna Rate Card

Latest Stories

Related Stories