Promoting good governance in taxation as part of development cooperation
Commission adopts a Communication on taxation and development, which aims at increasing developing countries' domestic revenues through building stronger domestic fiscal systems and fighting tax evasion internationally.
The Communication proposes the introduction of a more comprehensive and consistent policy approach to all aspects of taxation, taking into account the local economic situation and international environment, and the broader governance and public finance management context.
A number of actions to assist developing countries are set out, such as supporting multilateral and regional initiatives, strengthening public finance management, deepening regional integration, improving donor coordination, and encouraging participation of developing countries in relevant international fora.
This Communication is part of the EU action plan to speed up progress towards the Millennium Development Goals (MDGs). The Commission proposes to Member States a number of actions in support of MDGs. They aim at increasing the level of aid while making aid more efficient and focused on those countries and sectors most in need. The action plan sets out a possible EU position ahead of the UN Summit on the MDGs this September.
For more information on the new Communication on taxation and development click here.