EU provides €2 million to Global Forum in support of tax transparency and exchange of information in developing countries

Commissioner for Economic and Financial Affairs, Taxation and Customs Union, Pierre Moscovici co-signed a €2 million grant contract with OECD partners, in support of developing countries’ efforts to meet global standards in tax transparency and information exchange. The signing took place in the margins of the 10th Anniversary Meeting of the Global Forum in Paris.

The grant, provided for by the financial decision “Collect more – spend better: EU support to developing countries in the area of domestic revenue mobilisation and domestic public finance”, aims to support the Global Forum in providing quality technical assistance to developing countries in implementing international standards on Exchange of Information on Request (EOIR) and Automatic Exchange of Information (AEOI).

The technical assistance provided by the Global Forum to developing countries will play an important part in efforts to fight tax evasion and avoidance and generate revenues that are needed to achieve the Sustainable Development Goals.

Developing countries are disproportionately affected by tax evasion and avoidance. Today’s grant adds to significant technical and financial support that the EU gives to support partners in meeting tax good governance standards.

Original source: European Commission
Published on 26 November 2019