Tax Inspectors Without Borders (TIWB), convened at the Third International Conference On Financing For Development back in July, is a joint operation between the Organization for Economic Cooperation and Development and the United Nations Development Programme.
TIWB will play a vital role in unlocking billions of dollars over the 15-year course of the Sustainable Development Goals.
TIWB’s strategy has evolved out of the revelation that every year, roughly $3 trillion in government revenue goes uncollected due to tax avoidance.
IMF researchers estimate that developing nations lose $213 billion each year for those reasons. Finding a way to get their hands on that money could help those governments invest more in education, health, energy, infrastructure and the like.
Tax law can be dense, confusing and hard to follow, especially when multinationals make it that way on purpose. For this reason, TIWB will send in highly trained tax accountants and audit specialists …