The OECD and Norway have together pledged to donate EUR 4.6 million (USD 5.3 million) over 4 years to fund an initiative aimed at improving developing country tax systems.
In an announcement released today, the OECD said the funds may be applied to assist developing countries in implementing the OECD/G20 base erosion and profit shifting (BEPS) project results and exchange of information or in combatting tax and other financial crimes.
“I am delighted we are stepping up our partnership with Norway. The resources will help us unlock much needed expertise to make a practical difference to some of the poorest countries,” said Pascal Saint-Amans, Director of the OECD’s Centre for Tax Policy and Administration.
Nikolai Astrup, Norway’s Minister for International Development also commented. “I am very excited about this new partnership with the OECD. We are increasing the focus on taxation in our development co-operation. The new partnership will enable developing countries to play a more active role in shaping the global tax system, and will give them access to the tools they need to improve their own taxation systems,” the minister said.
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