SC Webinar Series on Development and COVID-19

Webinar on Tax Policy Options For Funding the Post-COVID Recovery in the Global South

The COVID-19 pandemic has negatively affected tax revenue collection globally, with the Global South especially hard-hit. The decline in economic activity has meant reduced corporate profits, declining consumption and increasing unemployment. This in turn implies declining revenue from corporate income taxes, goods and services taxes and personal income taxes. Resource-rich countries are especially being affected by the drop in global commodity prices and decline in international trade. This reduction in revenue collection is limiting developing countries’ ability to effectively respond to the COVID-19 crisis. It is therefore necessary to explore what are the concrete tax policy measures developing countries can take to raise revenue at this critical time. Measures pertaining to the digitalized economy are of particular importance given the increasing sales of tech companies and highly digitalized businesses during the lockdown.

The webinar will hence feature prominent voices of the Global South on the national and international tax policy options for funding the post-COVID-19 recovery. Speakers will also provide an overview of the multilateral discussions in the OECD/G20 Inclusive Framework on taxing the digitalized economy, a topic of seminal importance as it is in effect a redistribution of taxing rights between source and residence jurisdictions. The speakers are a diverse mix representing tax administrations, academia and civil society from Asia, Africa and Latin America.

 

Recorded webinar available here

 

Date: Thursday, 23 July 2020

Time: 15:00 – 16:45 (CET)

Register Here

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Webinar Documents:

Invitation

Agenda

Concept Note 

Flyers

 

Additional documents for reference:

Research Paper 111, May 2020: National Measures on Taxing the Digital Economy

SCTI Submission, June 2020: Comments on Session Paper relating to tax consequences of the digitalized economy – issues of relevance for developing countries

SCTI Submission, May 2020: Comments to the FACTI Panel on improving cooperation in tax matters

SCTI Submission, November 2019: Comments on the OECD Secretariat Proposal for a “Unified Approach” under Pillar One

SouthViews No. 196, 22 May 2020: Taxing the Digital Economy to Fund the COVID-19 Response

Fiscal Justice Network of Latin America and the Caribbean (RJFALC) Statement in the face of the COVID-19 pandemic

Tax and Fiscal Justice Asia (TAFJA) Statement

Covid19 pandemic: An opportunity for structural reforms to create a people-centred economic system (Tax Justice Network Africa TJNA – Statement)

 

 

 

 

 


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