ITIC Featured in BRITACOM Special Edition Journal

Pages from SAT Journal Article[1].jpg

A recent article by ITIC President Daniel Witt and Senior Advisor Hafiz Choudhury was featured in the BRITACOM special edition journal, Building a Growth-Friendly Tax Environment in collaboration with International Taxation in China.

The article, "Belt and Road Initiative: Removing Tax Obstacles and Strengthening Cooperation for Investments to Deliver Growth and Development," discussed tax issues in the region and how "BRI countries should be looking at ways to create a favorable investment climate without giving up too much tax revenue, and without placing burdens on tax administrations with scarce resources."

ITIC Signs MoU with Chinese Partners

292.JPG

During the first conference of the Belt and Road Initiative Tax Administration Cooperation Forum (BRITACOF), ITIC President Daniel Witt signed a Memorandum of Understanding with the China Chamber of International Commerce (CCOIC) and the China International Tax Research Institute (CITRI). The MoU formally establishes cooperation between the three organizations to assist BRI jurisdictions as they undertake reforms to improve trade and investment in the region.

As initial steps under the MoU, the three partners organized several industry-specific workshops (digital economy and e-commerce; engineering, construction and services; and oil, gas, and mining) earlier this week in Beijing to identify the most important tax issues facing companies in the BRI countries. A report on the workshops will soon be presented to the PRC State Tax Administration (STA).

L to R: Wang Jun (STA Commissioner); Liao Tizhong (Director General of the STA International Department) and Dan Witt during the MoU signing ceremony.

L to R: Wang Jun (STA Commissioner); Liao Tizhong (Director General of the STA International Department) and Dan Witt during the MoU signing ceremony.

ITIC Named Official Observer to BRITACOM

WhatsApp Image 2019-04-18 at 2.23.49 AM.jpeg

Earlier this week at the first Conference of the Belt and Road Initiative Tax Administration Cooperation Forum (BRITACOF), ITIC President Daniel Witt signed a memorandum of understanding on the establishment of the Belt and Road Initiative Tax Administration Cooperation Mechanism (BRITACOM). 

Through this MoU, ITIC is officially recognized as an Observer to BRITACOM, a joint effort of the Belt and Road Initiative Cooperation Parties (BRCP) to "contribute to building a growth-friendly tax environment through cooperation in tax service, tax dispute resolution, tax capacity building and sharing of experiences and best practices in tax administration."

Financing Sustainable Development and Achieving the 2030 Agenda

On the eve of the IMF and World Bank spring meetings, ITIC organized a dinner for senior government officials and ITIC sponsors to discuss the need to unlock private investment to drive inclusive growth and prosperity to achieve the 2030 Agenda. The dinner featured remarks by H.E. Mukhisa Kituyi, Secretary-General of the United Nations Conference on Trade and Development (UNCTAD).

Subsequent to the ITIC dinner, at a high-level meeting in New York City, Ambassador Salim Baddoura (current President of UNCTAD's governing body) spoke about the need for the "international community to recommit to multilateralism" and UNCTAD's related work on financing sustainable development. [Continue Reading]

Dinner1.jpg
Dinner2.jpg

ITIC Panel in IMF/World Bank Civil Society Policy Forum

CSPF.jpg

As part of the IMF and World Bank Spring Meetings this week in Washington, ITIC organized a Civil Society Policy Forum session on "Mobilizing Private-Sector Investment to Achieve the SDGs." Featuring remarks from Seth Terkper (former Minister of Finance, Ghana), Alexandra Readhead (IGF Mining), and Stephen Comstock (API), the session discussed the linkage between multinational enterprises, foreign direct investment and revenue mobilization to help achieve the Sustainable Development Goals.