OECD seeks feedback on use of tax incentives by poor countries

The OECD on July 9 launched consultation on a draft paper offering guidance to low income countries on the use of tax incentives for investment.

The consultation responds to a G20 Development Working Group’s invitation to the OECD, IMF, OECD, UN and World Bank to write a report on the topic. The paper addresses pressures faced by poor countries to offer tax incentives attract investment which erode the countries’ tax bases without increased investment.

Feedback on the paper is requested by August 5.

See:

• Consultation on Options for Low Income Countries’ Effective and Efficient Use of Tax Incentives for Investment

• Options Paper

• Background document