The BRICS countries’ (Brazil, Russia, India, China and South Africa) tax authorities have agreed to exchange information to strengthen their tax systems, including India helping South Africa to implement an advance pricing (APA) regime.
The Extractive Industries Transparency Initiative (EITI) standard, which requires companies in the extractive industries to disclose what they have paid in taxes and governments to disclose what they received, is to be strengthened.
The BRICS countries' (Brazil, Russia, India, China and South Africa) tax authorities have agreed to share information to strengthen their tax systems, including India helping South Africa to implement an advance pricing (APA) regime.
Taxpayers at the Developing a Tax Environment for Growth and Competitiveness conference in Vienna last week said, striking a balance between attracting investment and bringing in revenue is difficult to achieve because it is often based on undefined underlying assumptions.
Striking a balance between bringing in revenue and attracting investment is a key concern for tax policymakers. But, as taxpayers at the Developing a Tax Environment for Growth and Competitiveness conference in Vienna last week pointed out, that balance is difficult to achieve because it is often based on undefined underlying assumptions.
