The Platform for Collaboration on Tax Publishes its Progress Report 2020

IMF News, July 10, 2020

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The Progress Report 2020 provides a snapshot of cooperation among the PCT Partners (IMF, OECD, UN, World Bank) in the area of domestic resource mobilization (DRM), including their responses to COVID-19.
The report is part of the PCT’s commitment to transparency by making its workplan and outputs publicly available to governments and relevant stakeholders.

The PCT’s activities since June 2019 are organized under three workstreams:
- Cooperation and exchange of information in DRM capacity development activities
- Analytical activities
- Outreach activities
Capacity building and knowledge products highlighted:
- Release of the Toolkit on Taxation of Offshore Indirect Transfers
- Workshops on the Toolkit on Addressing Difficulties in Accessing Transfer Pricing Comparables Data
- Public consultations on Transfer Pricing Documentation and Tax Treaty Negotiations
Medium-Term Revenue Strategy (MTRS):
- Described as a comprehensive approach to undertaking tax systems reform for boosting tax revenues over the medium term, through a country-led and whole-of-government approach.
- The PCT Partners have engaged with 23 countries in discussing, formulating, or implementing an MTRS.
- Country updates are available in the report.

During the COVID-19 crisis, the PCT:
- Facilitated Partners’ cooperation through blogs and a COVID-19 resource section on its website.
- Adapted rapidly to a virtual delivery environment to support developing countries in building capacity to mobilize tax revenues.
The MTRS approach is expected to play a critical role in supporting tax system reforms post-crisis, as countries focus on economic recovery and adjust tax system reforms in the light of new medium-term expenditure goals.

The recently launched PCT website is highlighted as a global platform to engage stakeholders, especially tax officials from developing countries.
The website hosts the Online Integrated Platform, described as an extensive database of tax-related projects of the PCT Partners, providing comprehensive information on their capacity development activities in developing countries.
The PCT Progress Report 2020 can be reached at tax-platform.org.

Media queries:
- IMF: media@imf.org
- OECD: ctp.communications@oecd.org
- UN: ffdoffice@un.org
- World Bank Group: Joseph Rebello, jrebello@worldbankgroup.org

Source: The Platform for Collaboration on Tax Publishes its Progress Report 2020, Press Release No. 20/255, July 10, 2020