The UK is stepping up the pressure on large businesses to be seen to be more transparent about their tax policy and to comply with their obligations in a public way.
Tax justice campaigners were left disappointed by the UN’s third international conference on financing for development this week as delegates declined to heed their calls to establish a new global tax body, which would take over the roles of the UN and the OECD in setting international tax standards and giving guidance.
The official launch of the Tax Inspectors Without Borders (TIWB) programme has come at a time when tax collection could not have a higher profile as a means of helping developing countries generate their own resources rather than rely solely on aid from richer countries.
India and the US have signed an intergovernmental agreement (IGA) to implement the Foreign Account Tax Compliance Act (FATCA), which was passed by the US in 2010.
