Tax Inspectors without Borders programme

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Overview:

Recently, India has been chosen as the Partner Administration for the Tax Inspectors Without Borders (TIWB) programmme and will provide Tax Experts for this programme

About Tax Inspectors without Borders programme

  • It is a joint initiative of the United Nations Development Programme (UNDP) and the Organisation for Economic Cooperation and Development (OECD).
  • It was launched in 2015.
  • It aims to strengthen developing countries' auditing capacity and multinationals' compliance worldwide.
  • Duration: This programme is expected to be of 12-18 months’ duration.
  • In this, India in collaboration with the TIWB Secretariat and support of the UNDP Country Office, Barbados and the Eastern Caribbean aims to aid Saint Lucia in strengthening its tax administration by transferring technical knowledge and skills to its tax administration, and through sharing of best practices.
  • The focus of the programme will be on effective use of automatic exchange of information under the Common Reporting Standard (CRS) framework.
  • This programme complements the broader efforts of the international community to strengthen co-operation on tax matters and contribute to the domestic resource mobilisation efforts of developing countries.

Key points about the Organisation for Economic Cooperation and Development

  • It is an international organisation of 38 countries committed to democracy and the market economy.
  • It was established on Dec. 14, 1960, by 18 European nations, plus the United States and Canada.
  • Its members are typically democratic countries that support free-market economies.
  • Goal: The stated goal of the OECD is to shape policies that foster prosperity, equality, opportunity and well-being for all.
  • The OECD publishes economic reports, statistical databases, analyses, and forecasts on the outlook for economic growth worldwide.
  • Headquarters: Paris, France.

Q1) What is United Nations Development Programme?

The United Nations Development Programme is a United Nations agency tasked with helping countries eliminate poverty and achieve sustainable economic growth and human development. The UNDP emphasizes developing local capacity towards long-term self-sufficiency and prosperity.

Source: Saint Lucia’s Tax Inspectors without Borders (TIWB) programme launched in partnership with India