ITIC Oil & Gas Dialogue Meets in Washington

ITIC’s Oil & Gas Taxation and Regulatory Dialogue held a series of meetings this week in Washington with organizations active in natural resource taxation issues in developing countries to foster understanding and promote balanced, fact-based discussion among government, academics, business, and international organizations. The group of international oil and gas companies also held internal meetings to review its priorities for 2017.   Continue reading “ITIC Oil & Gas Dialogue Meets in Washington”

The Challenges of E-Commerce Regulation for Tax Policy in Africa

The United Nations Commission on International Trade Law (UNCITRAL) defines electronic commerce (e-commerce) as “commercial activities conducted through an exchange of information generated, stored or communicated by electronic optical or analogs means…

With e-commerce now accounting for 80 percent of all global commerce[1], there is an urgent need to regulate these transactions to meet tax policy objectives of broadening the tax base and eliminating erosion. Taxing e-commerce will ensure equal treatment of national production and imports of the same product in order to avoid market distortion. The lack of a standard legal framework can lead to double taxation or double non-taxation; and different regimes for taxation of electronic goods sold electronically and sales of national products in the non-electronic market can distort overall market equity.

Continue reading “The Challenges of E-Commerce Regulation for Tax Policy in Africa”

ITIC Advisor Speaks on Alcohol Tax Stamps

liz-allen-taxstampforum-1febITIC Program Advisor Liz Allen gave a presentation at this week’s Tax Stamp Forum in Berlin about the development of modern revenue control on alcoholic beverages.

Her presentation was based on joint research conducted by ITIC and Oxford Economics into the effectiveness of different types of tax stamps used in a number of different countries. The conclusion drawn was that modern tax stamps can be helpful in tackling illicit trade, especially if they are but one component of a comprehensive national strategy to address both the supply and demand aspects of the illegal trade. The research across several countries was well received by revenue and customs officials participating in the conference.

Summary Report – Eighth Africa Tax Dialogue

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Hosted by ITIC, in cooperation the Common Market for Eastern and Southern Africa (COMESA) and the Commonwealth Association of Tax Administrators (CATA), over 60 tax officials, leading academic specialists and private-sector representatives from 18 countries convened in Cape Town on 15-17 November 2016 for the Eighth Africa Tax Dialogue to discuss the balance between domestic revenue mobilization and enhancing the investment climate. Continue reading “Summary Report – Eighth Africa Tax Dialogue”

GST in India: An Update

In August 2016, the Indian Constitution was amended to empower both the center and the states to levy and collect goods and services tax (GST). The GST Council is a constitutional body created to steer the GST implementation; it is made up of Finance Ministers from the center and the states, and it is chaired by the Union Finance Minister. The GST Council recently announced that GST will be rolled out on 1 July 2017. Continue reading “GST in India: An Update”