French support for the tax authorities of developing countries (January 8, 2013)
Pascal Canfin, Minister Delegate for Development, today announced French support for the feasibility study to explore the “Tax Inspectors Without Borders” initiative launched by the OECD’s Task Force on Tax and Development in May 2012.
The “Tax Inspectors Without Borders” initiative aims to strengthen the capacity of developing countries with respect to the tax inspection of multinational companies in order to ensure that they receive the tax revenue that is essential to their development.
France is one of two countries that will lend financial support to this study (the other one being Norway) - the conclusions of which are expected to be available by the end of the first half of 2013 –, which aims to assess the feasibility of this initiative and the conditions for its implementation.
Helping the tax authorities of the countries of the South in order to strengthen their own resources is a priority for France in terms of development policy.
This announcement follows on from the announcement made by Mr. Pierre Moscovici, Minister of the Economy and Finance, at the fall meeting of the franc zone ministers on October 5, 2012, pledging French support for the initiatives of the World Bank and the African Development Bank aimed at helping African states to negotiate fair contracts in the mining and oil sectors.