IEITI Tax Roundtable

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On 15 October 2017, ITIC joined with the Iraq Extractive Industries Transparency Initiative (IEITI) to organize a roundtable on taxation at the Oil Cultural Centre in Baghdad.

The meeting, co-chaired by Mr. Alaa Mohedain (Secretary General of IEITI) and Dr. Azez Jafar Hassan (ITIC Senior Advisor), included participation by Dr. Sabah Shibeeb (Advisor to the Ministry of Oil); representatives from PCLD, Economic Department, and Research Department; Ms. Najiha Abases (Director General of the General Commission for Taxes); Directors General of the National Oil Companies; IEITI members, and ITIC working group members. Continue reading “IEITI Tax Roundtable”

India GST Implementation – An Update

borders-2099205_1280After 11 long years, GST has finally become a reality in India. Implementing GST provides an opportunity to remove (or at least mitigate) the weaknesses that both the Centre and States faced with the existing indirect tax structure.

With GST, the cascading of tax will almost be eliminated and compliance costs will be minimised — first by reducing the multiplicity of taxes and then by bringing in technology for taxpayers and taxmen to interact. Transportation and logistics costs will also be drastically reduced, and inter-State check posts will be removed, thereby providing a country-wide Common Economic Market. Finally, GST is a destination-based consumption tax that will pave the way for industry development through improved infrastructure, road networks, and power stations expected to be built with the extra revenue that will go to the States. Continue reading “India GST Implementation – An Update”

Kazakhstan Tax and Investment: Fall 2017

kazakhstan-1184097_1280 (1)During the opening session of Kazakhstan’s Parliament on 4 September 2017, Kazakh President Nursultan Nazarbayev devoted a large part of his presentation to the challenges facing Kazakhstan’s economy, achieving investment-led growth, and the role of fiscal policy in consolidating recent improvements in GDP growth. He also referenced the new draft Tax Code, which seeks to eliminate ineffective incentives and preferences while diminishing the shadow economy and simplifying tax administration. Continue reading “Kazakhstan Tax and Investment: Fall 2017”

A Closer Look: My Time at EXPO-2017

Last week, I was honored to participate in the Eurasian Week Forum, an annual event aimed at the development of the Eurasian Economic Union’s (EAEU) economy, investment and export potential, during my visit to Astana, Kazakhstan for EXPO-2017. The Forum served as an effective platform for developing business-to-business contacts, discussing tools and conditions for business development in the EAEU, and elaborating the strategy of EAEU economic development in the context of global challenges.

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Summary Report – 13th Annual Eurasia Tax Forum

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Representatives from ministries of finance, tax administrations, academic institutions, and the private sector gathered in Paris on 26-28 June 2017 for ITIC’s 13th annual Eurasia Tax Forum. The themes for this year’s Forum were recommended by regional officials and investors, and they included the following:

  • Tax Reform: Principles in Practice
  • Continuity and Change in International Tax
  • Taxation of the Digital Economy
  • The State of Play in Energy Investment
  • Natural Resources Taxation in Eurasia
  • Tax Issues in the Services Sector

Continue reading “Summary Report – 13th Annual Eurasia Tax Forum”