• Register
Return to: Home > News > Tax > Countries must strengthen tax systems to meet Sustainable Development Goals

Countries must strengthen tax systems to meet Sustainable Development Goals

The IMF, the OECD, the United Nations and World Bank Group have called on governments to strengthen and increase the effectiveness of their tax systems to generate the domestic resources needed to meet the Sustainable Development Goals (SDGs) and promote inclusive economic growth.

Domestic resource mobilisation is a particular challenge for developing countries, which struggle to raise sufficient revenue to provide basic services, such as road infrastructure, healthcare, and public safety.

Research indicates that at least 15% of GDP in revenue is necessary to finance these basic services but, in almost 30 of the 75 poorest countries, tax revenues are below this 15% threshold.

At the same time, all countries need to pay greater attention to the spillovers from their tax policies and increase their support for stronger tax systems, the international organisations warned. "Governments and relevant stakeholders need to work together on establishing a fair and efficient system of international taxation, including efforts to fight tax evasion and tax avoidance."

During a conference at UN headquarters on taxation and the SDGs organised by the Platform for Collaboration on Tax, ministers of finance, tax authorities, and senior representatives from civil society, private sector, and academia debated the key directions needed for tax policy and administration to meet the SDGs by 2030.

The conference aimed to provide guidance to countries and stakeholders on how to better target tax efforts to achieve broader development goals.

By Joe Pickard

Top Content

    ARGA team, assemble!

    The new top team has been named that will see in root-and-branch reform at the Financial Reporting Council (FRC) as it transforms into the Audit, Reporting and Governance Authority (ARGA). Will the new duo be as dynamic as some are hoping? Robin Amlôt reports.

    read more

    FASB: a quest for simpler standards

    FASB chair Russell Golden addressed the IMA 2019 Annual Conference and Expo at the Sheraton San Diego Hotel and Marina, California, on 18 June. IMA immediate former chair-emeritus Alex Eng acted as moderator. Joe Pickard reports.

    read more

    The future of audit, and how to get there

    Two recent reports peer into the future of the audit profession. One analyses what an audit should offer, while the other looks at how the audit process will be carried out. Robin Amlôt takes a closer look at both.

    read more

    EFAA elects new president, focuses on digital future

    EFAA’s new president, Salvador Marin, outlined his key priorities for the next two years at the organisation’s 2019 annual general meeting, while outgoing president Bodo Richardt offered advice. Robin Amlôt reports.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.