OECD – 2019 Progress Report on Tax Certainty. IMF/OECD Report for the G20 Finance Ministers andCentral BankGovernors
OECD – 2019 Progress Report on Tax Certainty. IMF/OECD Report for the G20 Finance Ministers andCentral BankGovernors. Tax certainty for taxpayers is an important component of investment decisions and can have significant impacts on economic growth. In 2016, the G20 Leaders called on the International Monetary Fund (the IMF) and the Organisation for Economic Co-operation and Development (OECD) to work on this issue. Following an initial report in 2017 (the 2017 Report1) and an update in 2018 (the 2018 Update2), the G20 Leaders re-iterated the importance of this issue, noting their continued support for enhanced tax certainty. The Buenos Aires Action Plan called for “the OECD and the IMF to report to Finance Ministers and Central Bank Governors in 2019 on progress made on tax certainty”. This report provides an update on the work on tax certainty issues and shows clearly that this remains a priority issue for taxpayers and tax administrations alike. Moreover, the work on tax certainty covers a wide variety of issues in both tax policy and tax administration, notably: