Submission on FACTI Panel Interim Report, November 2020

Comments to the FACTI Panel Interim Report

The South Centre Tax Initiative (SCTI) submitted its comments on the Interim Report of the High Level Panel on Financial Accountability Transparency and Integrity for Achieving the 2030 Agenda (FACTI Panel). The Report analyzed the “gaps, vulnerabilities and impediments present in the current international systems related to financial accountability, transparency and integrity issues” and found that “international systems can help countries prevent the drain of resources from development, contributing to achieving the 2030 Agenda, but that they lack co-ordination, leave gaps and may overlap and even conflict with each other. The shortcomings are systemic and require systemic responses.”

The FACTI Secretariat prepared a series of issues notes highlighting various questions to guide the written comments that would feed in to the final report. The SCTI submitted comments on the following aspects: (1) Systemic solutions (2) Architecture for tax cooperation (3) Taxation of the Digitalized Economy (4) International tax dispute settlement (5) Data production and publication (6) Financial reporting and information exchange (7) Impunity for grand corruption.

Download Submission below:

Comments to the FACTI Panel Interim Report