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Development cooperation, 6/16/2017

OECD Tax and Development Programme

Description

OECD started in 2013 a large international project to prevent Base Erosion and Profit Shifting (BEPS) BEPS-package (http://www.oecd.org/tax/beps/) was finalized in 2015 (autumn). The Inclusive Framework on BEPS has more than 100 countries. It covers considerably larger area than OECD. Especially developing economies and countries have been invited to participate in the Inclusive Framework on BEPS, on an equal footing. Revenue losses from BEPS are conservatively estimated at USD 100-240 billion annually, or anywhere from 4-10% of global corporate income tax (CIT) revenues. Given developing countries’ greater reliance on CIT revenues as a percentage of tax revenue, the impact of BEPS on these countries is particularly significant In 2017–2020 impact objective is enhanced Domestic Resource Mobilization for developing countries. Outcome-level objective is that developing countries have improved capacity to tax Multinational Enterprises fairly and effectively. Output-level objectives are. • the effective participation of developing countries in BEPS standard setting and policy solutions, including through a new regional architecture for developing countries; • the effective implementation by developing countries of the BEPS package of minimum standards, and other priority actions for developing countries; and • enhanced legislation, organizations and human resource capabilities in developing countries. Finland has pledged its support to strengthening the tax base of developing countries in the Agenda 2030 and in the Addis Ababa Action Plan, where Finland committed to double the support for Tax and Development. To develop taxation is in accordance with the third priority area of Finnish development policy (Societies have become more democratic and better-functioning). Finland's contribution for OECD's BEPS and Developing Countries -programme is 500 000 € in 2017-2019.

Funding decision 6/16/2017

500 000 €

Target region

Developing countries (not specified)

Objectives monitored by OECD's Development Assistance Committee

Participatory development/Good governance

Field of activity

Domestic Revenue Mobilisation 100%

Type of aid

Contributions to specific-purpose programmes and funds managed by international organisations (multilateral, INGO)

Funding channel

Tal yhteist ja kehityksen järjestö

Program based

Contact

keo-10

Code for the object of funding

89892691

ID

UHA2016-002042

Created date

4/18/2016

Modified

8/18/2017

Case state

Technical planning
Quality assurance group handling
Preparation of programme proposal

Case status

Pending

This document

Updated 8/20/2017

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