Director, Tax and Sovereign Debt, IISD - interested in all things public finance for sustainable development. Views are my own, retweets are not endorsement.
Don't miss this useful analysis of the last round of UN Tax Convention negotiations from my colleagues Elisângela Rita and @KudzaiMataba
And for daily meeting summaries check out: https://t.co/dYKLETSFCQ
#UNTaxConvention
Big steps for the UN Tax Convention: Majority voting for key decisions and tax dispute resolution as the focus of the second early protocol.
How did the negotiations unfold? What’s next? Elisangela Rita and @KudzaiMataba discuss.
🔗 https://t.co/GgQX3dsTce
#UNTaxConvention
Heading to Sevilla for #FfD4? Join us on July 2 at 8:30 for a side event on resilient, future-proof development finance policy with @IISD_news & @The_RBWC
Details & register ➡️ https://t.co/KeNl0p9rB7
At #FfD4, @ali_readhead, @IISD_news Tax & Debt Director spoke on a panel with @noradno, @UNHumanRights & @KRACorporate to unpack how environmental levies can support revenue and & climate goals, if backed by political will and global solidarity 🌍
"Public funding is critical to closing the climate finance gap in emerging economies, @ali_readhead emphasized. "Environmental levies can play a role, but must be combined with broader domestic resource mobilization and meaningful debt relief solutions."
We wrapped an intense first day at #FfD4, with world leaders adopting the Compromiso de Sevilla & agreeing on a path to tackle the development finance gap. The venue buzzed with discussions on turning commitments into action
See what @IISD_news is up to➡️ https://t.co/QpweJWqnuk
With a packed audience at the #FfD4 side event by the Platform for Collaboration on Tax, @IISD_news’s Elisângela Rita questioned the effectiveness of generous tax incentives, noting they “do not necessarily lead to better or more investment.”
What does it take to future-proof development finance?
@ali_readhead & @fmmorra lay out six evidence-based priorities for #FfD4 to look at to build resilience amid rising risks.
Explore the full analysis 👇
https://t.co/o3oYsBQfOM
Check out our #DebtRelief proposal.
The #DebtForResilience initiative charts a path towards economic recovery and resilience for debt-distressed countries, by tackling structural vulnerabilities and providing a rules-based approach to debt resolution.
https://t.co/MWAyVFZx6R
Our guidance for governments on #tax#stabilisation clauses in #mining is out!
We provide model legal text that countries can use to shift away from automatic inclusion of stabilisation, to a narrower approach.
Join us on April 15 to learn more:➡️ https://t.co/ZxRVcI9bNM
🇵🇬 Colleagues gathered in Port Moresby on Monday to kick off 2 new #TIWB programmes for @IRC_PNG. @ATO_gov_au will partner on a criminal #tax investigations programme, while a TIWB Roster expert will assist with audit cases in the extractives industry.
✍️https://t.co/vLCqEGy0RN
We risk going backwards on #taxation of #minerals at #FfD4.
Whereas the Addis Agenda identified #mining#taxation as a huge opportunity for #DRM, the Zero Draft is silent on this.
Mining taxation must be part of the #FfD4 agenda.
https://t.co/dKDtcV1HC7
Earlier this year, the @IISD_ELP’s #tax program took a leap of faith and started a new workstream on sovereign #debt.
Next week, we will have our first webinar to discuss international #debt#relief, and what the #G20 and #FfD4 should do about it.
Don’t miss out!
#Tax stabilisation is contentious. But global norms and standards on #stabilisation are changing. Key shifts:
- exempting non-fiscal issues
- only granting fiscal stabilisation based on commercial need
- limiting scope and time
- exempting anti-avoidance rules
- alternatives
📣 Stabilization clauses should no longer automatically be included in investor-state contracts📝.
If they are, they should, at a minimum, build on the latest international standards to avoid being a barrier to #sustainabledevelopment🌎.
👉 IISD blog: https://t.co/VR6Lqu8uab
We’re proud to partner with @UNDP to help secure an ambitious outcome for the Fourth Financing for Development Conference.
Top priorities for us at #FfD4 are: 1) a coherent, integrated approach to financing #SDGs, #climate, and #nature, and 2) a grander bargain on #debt relief.
Last month, @IISD_news was at the 2nd Symposium on Finance, Integrity and Governance.
As @UNDP’s knowledge partner, we shape research to inform the #FfD4 process, towards solutions for effective financing strategies that respond to the challenges faced by developing countries🌍
Director Greg Radford will help open the 20th #IGFAGM focused on balancing the need for minerals with protecting people & the planet. Sessions will explore big issues facing #mining nations & other actors in the #EnergyTransition.
Join us in Geneva 👉 https://t.co/Wj7cgNXTLl
Ghana’s finance minister says tackling illicit financial flows must be part of the solution to Africa’s energy transformation finance needs. Future of African Energy conference. #fec2024@AcepPower
Last week, the Terms of Reference for a #UNTaxConvention was adopted with support from 110 countries— a major step towards global tax cooperation 🌍
Check out our expert @KudzaiMataba’s insights from the negotiations and their outcomes.
🔎 https://t.co/2FzpE01Hao
A key milestone has been reached as the @UN continues efforts to create a new international tax framework.
But there’s a lack of consensus from some major economies. @IISD_ELP’s @KudzaiMataba explains what you need to know.
#UNTaxConvention
🔎 https://t.co/a8gY5Suzpb