Boosting Revenues, Driving Development: Why Taxes Are Critical for Growth
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Date: Friday, April 21st, 2017
Time:1:00 pm - 2:00 pm/ 17:00 - 18:00 GMT
Location: Preston Auditorium, World Bank
Improved domestic revenue mobilization lies at the heart of the Sustainable Development agenda. At the Addis Ababa Financing for Development Conference in 2015, developing countries committed to improve national efforts and donors committed to double their assistance for tax reform. And yet, media leaks in 2016 increased awareness of wealth hidden in offshore tax havens and have driven new demand for fair and effective tax systems. This event is designed to start a conversation around the premise that: (1) countries need a certain level of tax revenue â€“ 15 percent of GDP â€“ to provide basic services to their citizens; and (2) we all have roles in helping them achieve that goal. Share your thoughts and questions on social media using #Tax4Dev.
Check out the key takeaways from this event:
Governments’ ability to raise revenue and deliver public services relies on having a tax system designed with fairness and administered with efficiency, panelists agreed. They considered the idea that countries should aim to collect revenues that amount to at least 15% of their Gross Domestic Product (GDP), and brought varied perspectives – from government to private sector to civil society – to the issue...Read More
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