If source-based taxation remains part of the picture for extractives, we must prioritize the fiscal instruments that are more robust to profit shifting, and easier for developing countries to administer.
We presented on this issue at the 5th Annual International Momentary Fund (IMF) / World Bank Group (WBG) Spring Meetings Conference on Taxation Sunday, April 14, 2019. The theme of this year’s conference was “Taxing to Develop: International taxation challenges for Africa.”
We highlighted how we cannot address profit shifting in developing countries without dealing with issues in the natural resource sector, such as tax competition, complex rules and tax avoidance. We also explored the potential to adapt reform proposals to capture the extractives industries.
This event was part of the IMF/WGB Spring Meetings Conference, which brings together civil society, academics, government officials working on finance and development, and central bankers to discuss the world economic outlook, poverty eradication, economic development, and aid effectiveness.