India on 27 June 2017 made voluntary contribution of USD 100000 to the United Nations Trust Fund for International Cooperation in Tax Matters (UN Tax Fund).
This voluntary contribution will be dedicated towards ensuring greater support for developing country participation in the subcommittee meetings of the UN Tax Committee which are currently unfunded.
By handing over the cheque to the UN Tax Trust Fund, Indian Government is hopeful that more developing countries will contribute towards the fund. This move is also expected to ensure that global tax cooperation norms and rules will work more effectively and efficiently for all countries and all stakeholders.
Voluntary contributions for the Trust Fund have been called for by the UN Tax Committee since its establishment in 2006. The call for contributions was also emphasized in the Addis Ababa Action Agenda adopted at the Third International Conference on Financing for Development in 2015.
About United Nations Trust Fund
• The United Nations Trust Fund for International Cooperation in Tax Matters (the UN Tax Fund) was set up with an aim to help developing countries actively participate in the discussion of tax issues.
• The UN Tax Trust Fund aims to support the work of the Committee of Experts on International Cooperation in Tax Matters (the UN Tax Committee).
• The UN Tax Committee is a subsidiary body of the UN Economic and Social Council (ESOSOC).
• The Committee provides a framework for dialogues with a view to enhance international tax cooperation among national tax authorities.
About the Addis Ababa Action Agenda and the UN Tax Trust Fund
The Addis Agenda provides a global framework to ensure the effective mobilization of resources at the national and international level for sustainable development.
Implementation of the Addis Agenda supports the implementation of the Sustainable Development Goals (SDGs) and is an integral part of the 2030 Agenda for Sustainable Development.
The Addis Agenda also called on the Member States to support the UN Tax Committee and its subsidiary bodies through the voluntary Trust Fund for supporting the increased participation of developing country experts at subcommittee meetings.
When: 27 June 2017