Day3 sp2 nov 6 draft icgfm-wuertz_en
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The document summarizes the Addis Tax Initiative agreed upon at the Third International Conference on Financing for Development. The initiative is a partnership to improve domestic resource mobilization by encouraging donors to increase funding for tax systems and developing countries to raise tax revenues to fund development goals. Several countries and organizations have signed on to the initiative and some progress has been made through diagnostic tools and programs in countries like Rwanda and Afghanistan. Other related efforts on base erosion, tax incentives, and private sector participation are also discussed.
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Day3 sp2 nov 6 draft icgfm-wuertz_en
- 1. Implementing the Addis Tax Initiative: The Road from Addis Robert Wuertz ICGFM December 9, 2015
- 2. Today’s Topics • What’s with Addis? • Movement since July • Other Pieces of the DRM puzzle
- 3. The process in which countries raise their own funds to provide for their people What is DRM?
- 4. The Road to Addis (FFD3) • Two prior FFD conferences • Downward trend in ODA • Growing role of DRM • DRM took center stage
- 7. Countries Australia Belgium Cameroon Canada Denmark Ethiopia European Commission Finland France Ghana Indonesia Italy Kenya Korea Liberia Luxembourg Malawi Norway Philippines Rwanda Senegal Sierra Leone Slovenia Sweden Switzerland Tanzania Supporting Organizations ATAF Bill & Melinda Gates Foundation CATA Global Forum on Transparency and Exchange of Information for Tax Purposes CIAT IIMF OECD World Bank
- 8. What is ATI? • A partnership to improve DRM • Donors agreed to substantially increase funding of DRM by 2020 • Developing countries agreed to raise revenues and use the funds effectively to pursue Strategic Development Goal (SDGs)
- 9. ATI Principles Address: • The imperative to both raise domestic resources and channel them toward effective public services • The importance of fostering fair, efficient and transparent tax systems and an equitable distribution of tax burdens and benefits • The role of broad-based dialogue in ensuring country ownership, implementation and accountability
- 10. Why Care about DRM? Reducing external dependence Adequate funding for post-2015 SDGs Stability and predictability Ownership and governance Ethiopia: Sufian Ahmed Nigeria: Ngozi Okonjo-Iweala Tanzania Rwanda
- 11. Progress since Addis • Tax Administration Diagnostic Assessment Tool (TADAT) – Joint missions with IMF to Rwanda, Uganda, Jamaica • Growing Evidence of DRM Effectiveness
- 12. Rwanda signs ATI • After considered thought, Rwanda took the plunge
- 13. Afghanistan Public Financial Management (APFM) • Afghanistan started to implement a DRM program
- 14. Growing Support Since Addis • DRM at the UNGA • MFAN signals • Key sector interests recognize possibilities
- 15. Other Developments • Base Erosion and Profit Shifting
- 16. Other Developments • Base Erosion and Profit Shifting (BEPS) • Tax Incentives for Investment
- 18. Other Developments • Base Erosion and Profit Shifting (BEPS) • Tax Incentives for Investment • “Publish What you Pay”
- 19. Other Developments • Base Erosion and Profit Shifting (BEPS) • Tax Incentives for Investment • Publish What you Pay” • Sustainable Finance Initiative
- 20. Sustainable Finance Initiative • SFI started Sept 2014 • Broad definition of DRM • $63 million over 3 years • Looking to work across half a dozen countries in Asia and Africa
- 21. Huge benefits to increasing current HIV spending
- 22. Four intervention areas to mobilize more domestic resources for HIV 1. Reallocation of country budget 2. Increasing overall country budget with positive effects on sector spending 3. Improving the technical efficiency such as health insurance 4. Increasing private sector participation
- 23. Other Developments • Base Erosion and Profit Shifting (BEPS) • Tax Incentives for Investment • “Publish What you Pay” • Sustainable Finance Initiative • Leveraging the Private Sector
- 24. Final Thoughts • Amid dwindling aid resources, programs must be cost-effective • Help countries meet their own needs • Looking outside the country may prove disappointing • “We’re from the private sector and we’re here to help” • Willing partners can make this work!
- 25. Questions?