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G24 Calls for Simple to Administer Solutions to Tackle Tax Avoidance and Welcomes Discussions on Framework Convention on International Tax Cooperation

18 April 2024

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Approved Changes

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G24-International Monetary Fund

The IMF has published the communiqué following the G24 Ministers and Governors meeting on 16 April 2024. With respect to taxation, the communiqué includes the following: 13. Domestic Resource Mobilization (DRM) is crucial for funding sustainable development, particularly in light of decreasing overseas development assistance and private market financing. We note ongoing efforts within the Organisation for Economic Co-operation and Development/G20 Inclusive Framework on Base Erosion and Profit Shifting (OECD G20 BEPS) to tackle tax avoidance, improve the coherence of international tax rules and ensure a more transparent tax environment, which are steps towards strengthening tax collection. We reiterate our...