CIAT attends the 4th “Core Group” Meeting the initiative “International Tax Compact” (ITC).
On February 8th, 2012, the 4th “Core Group” Meeting of the ITC took place at the OECD Headquarters located in Paris.
As a member of ITC initiative, the CIAT participated for the 4th time at the “Core Group Meeting”, where priorities and future actions to develop in the taxation field are discussed with international organizations and representatives of countries from diverse continents.
In this opportunity, the CIAT Cooperation and International Tax Director, the Planning and Institutional Development Director, ATAF representatives, ECLAC, the European Commission, IMF, the Global Forum on Transparency and Information Exchange for Tax Purposes, the ITD, the OECD, the World Bank, KfW, GIZ, the German Ministry for Economic Cooperation, the State Secretariat for Economic Affairs of Switzerland (SECO) and the Ministries of Foreign Affairs of France, the Netherlands, and Spain participated.
Among the most relevant aspects that have been discussed are the report of the “Task Force and Development” meeting on February 7-8 of this year, the ITC cooperation with regional organizations in Africa, Asia and Latin America, the possible ITC cooperation with the “Global Forum on Transparency and Tax Information Exchange”, the OECD support in the development of the “Principles for the international commitment in support of developing countries in tax related issues” and the treatment of the public income originating from natural resources.
During the meeting, the CIAT had the opportunity to comment the results obtained in the ITC cooperation and the advances in the projects that arise from the ITC agreement in October, 2011, which are mainly oriented to the development of topics related to control of operations and financial institutions, control of multinational companies, tax fraud and impact of the agreements to avoid double taxation in direct foreign investment.
The CIAT has also discussed with ITC/ECLAC and the World Bank aspects of common interest related to the regional seminar that will be jointly organized in Santiago, Chile next April 27th, 2012, after the CIAT General Assembly.