Taxation International Cooperation And The 2030 Sustainable Development Agenda: A Comprehensive Guide

Taxation, International Cooperation and the 2030 Sustainable Development Agenda (United Nations University Series on Regionalism Book 19)

by Andrew McAfee

4.1 out of 5

Language	:	English
File size	:	5017 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	325 pages

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The United Nations' 2030 Sustainable Development Agenda is a comprehensive plan of action to address the world's most pressing challenges, including poverty, inequality, climate change, and environmental degradation. Taxation plays a crucial role in achieving the Sustainable Development Goals (SDGs) by providing governments with the resources they need to invest in public services, infrastructure, and social protection programs. However, effective taxation requires international cooperation to address the challenges of tax evasion, tax avoidance, and double taxation, which can undermine domestic tax revenues and hinder progress towards the SDGs.

Key Principles of Taxation International Cooperation

The key principles of taxation international cooperation include:

• Equity and fairness: All taxpayers should contribute their fair share to the public purse, regardless of their nationality or residence.
• Efficiency: Tax systems should be designed to minimize distortions to economic activity and maximize revenue collection.
• Transparency: Taxpayers should have access to clear and concise information about their tax obligations, and tax authorities should be transparent about their own operations.
• Accountability: Tax authorities should be accountable to their citizens, and taxpayers should have recourse to independent mechanisms for resolving disputes.
• Respect for sovereignty: Taxation international cooperation should respect the sovereignty of individual countries, and tax authorities should not interfere in the domestic tax affairs of other countries.

Challenges to Taxation International Cooperation

Despite the importance of taxation international cooperation, there are a number of challenges that can hinder its effectiveness, including:

• Tax evasion: Taxpayers may intentionally hide their income or assets from tax authorities to avoid paying their fair share of taxes.
• Tax avoidance: Taxpayers may use legal loopholes or complex financial structures to reduce their tax liability, even if they do not break any laws.
• Double taxation: Taxpayers may be subject to tax on the same income or assets in multiple countries, which can create a significant burden.
• Lack of transparency: Taxpayers may not have access to clear and concise information about their tax obligations, and tax authorities may not be transparent about their own operations.
• Lack of accountability: Tax authorities may not be held accountable for their actions, and taxpayers may not have recourse to independent mechanisms for resolving disputes.

Opportunities for Taxation International Cooperation

Despite the challenges, there are also a number of opportunities for taxation international cooperation to contribute to the achievement of the SDGs, including:

• Tax treaties: Tax treaties can help to reduce double taxation and improve the efficiency of tax administration.
• Tax information exchange agreements: Tax information exchange agreements can help to combat tax evasion and tax avoidance by giving tax authorities access to information about taxpayers' income and assets in other countries.
• Multilateral initiatives: Multilateral initiatives, such as the OECD's Base Erosion and Profit Shifting (BEPS) project, can help to develop global standards for tax policy and administration.
• Capacity building: Capacity building can help developing countries to strengthen their tax administrations and improve their ability to collect taxes.
• Technical assistance: Technical assistance can provide developing countries with the resources they need to implement tax reforms and improve their tax systems.

The Role of Taxation International Cooperation in Achieving the SDGs

Taxation international cooperation can play a vital role in achieving the SDGs by:

• Increasing tax revenues: Taxation international cooperation can help to increase tax revenues by reducing tax evasion, tax avoidance, and double taxation.
• Improving tax administration: Taxation international cooperation can help to improve tax administration by providing developing countries with the resources and expertise they need to strengthen their tax systems.
• Promoting tax equity: Taxation international cooperation can help to promote tax equity by ensuring that all taxpayers contribute their fair share to the public purse.
• Encouraging sustainable development: Taxation international cooperation can help to encourage sustainable development by providing governments with the resources they need to invest in public services, infrastructure, and social protection programs.

Taxation international cooperation is essential for achieving the SDGs and promoting sustainable development. By working together, countries can create a more equitable, efficient, and transparent tax system that supports inclusive economic growth and reduces poverty and inequality. The opportunities for taxation international cooperation are significant, and it is essential that countries seize these opportunities to build a better future for all.

Taxation, International Cooperation and the 2030 Sustainable Development Agenda (United Nations University Series on Regionalism Book 19)

by Andrew McAfee

4.1 out of 5

Language	:	English
File size	:	5017 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	325 pages

FREE