2 June-22 October 2020 A Series of Virtual Seminars on Tax Digitalization Held Since the virtual meeting featuring Responding to COVID-19:BRITACOM Perspective on 2 June 2020,the BRITACOM Secretariat has hosted a serie...2 June-22 October 2020 A Series of Virtual Seminars on Tax Digitalization Held Since the virtual meeting featuring Responding to COVID-19:BRITACOM Perspective on 2 June 2020,the BRITACOM Secretariat has hosted a series of virtual events.展开更多
In April 2019,the Belt and Road Initiative Tax Administration Cooper-ation Mechanism(BRITACOM)was inaugurated in the spirit of peace and cooper-ation,openness and inclusiveness,mutual learning,and mutual benefit,to en...In April 2019,the Belt and Road Initiative Tax Administration Cooper-ation Mechanism(BRITACOM)was inaugurated in the spirit of peace and cooper-ation,openness and inclusiveness,mutual learning,and mutual benefit,to ensure unimpeded cross-border capital flow and facilitate trade and investment through tax administration cooperation.During the past four years,it has produced promising outcomes in tax cooperation,capacity building and mutual learning.Going forward,the BRITACOM will carry out practical cooperation of a wider scope,in broader ar-eas,and at elevated level,to revive the spirit of the Silk Road in the new era.展开更多
This article looks at how enhanced digitalization of tax administration can raise both taxpayer service and enforcement effectiveness and address potential bottlenecks and barriers to BRI trade and investment.The arti...This article looks at how enhanced digitalization of tax administration can raise both taxpayer service and enforcement effectiveness and address potential bottlenecks and barriers to BRI trade and investment.The article also draws on the extensive experiences from BRI jurisdictions and elsewhere in the world,points to potential learning points for BRI tax administrations.展开更多
Digital technologies are capable of facilitating and transforming tax administration and dispute resolution in various ways.This paper presents some existing and emerging best practices and suggests that there is an o...Digital technologies are capable of facilitating and transforming tax administration and dispute resolution in various ways.This paper presents some existing and emerging best practices and suggests that there is an opportunity for BRITACOM to take advantage of these technologies in enhancing tax dispute resolution among Belt and Road jurisdictions.展开更多
This year marks the tenth anniversary of the proposal of the Belt and Road Initiative(BRI)and the fourth year since the establishment of the Belt and Road Initiative Tax Administration Cooperation Mechanism(BRITACOM)....This year marks the tenth anniversary of the proposal of the Belt and Road Initiative(BRI)and the fourth year since the establishment of the Belt and Road Initiative Tax Administration Cooperation Mechanism(BRITACOM).This paper exam-ines the successful experience of the joint construction of the BRI and the significant improvement of the BRITACOM,and also discusses how China could play a bigger role in further deepening BRI tax cooperation via the platform of the BRITACOM.展开更多
201814-16 May 2018 B RITCC Participants Called for the Establishment of the BRITACOM The Belt and Road Initiative Tax Cooperation Conference(BRITCC)was held in Astana,Kazakhstan during 14-16 May 2018,co-hosted by the ...201814-16 May 2018 B RITCC Participants Called for the Establishment of the BRITACOM The Belt and Road Initiative Tax Cooperation Conference(BRITCC)was held in Astana,Kazakhstan during 14-16 May 2018,co-hosted by the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan(SRC).展开更多
The world is undergoing"profound changes unseen in a century",which is crucial for current development of international taxation.The trends of"world multi-polarization,economic globalization,IT applicat...The world is undergoing"profound changes unseen in a century",which is crucial for current development of international taxation.The trends of"world multi-polarization,economic globalization,IT application and cultural diversity"are surging forward.New driving forces are replacing the old ones.Balance among different countries is also changing rapidly.A global governance system is thus reshaping.Based on all these changes,this paper analyzes their impacts on international taxation,and particularly the Belt and Road Initiative Tax Administration Cooperation Mechanism(BRITACOM).展开更多
This article discusses the topic of prevention and resolution mechanisms for Global Anti-Base Erosion (GloBE) disputes. As opposed to “traditional” bilateral disputes, GloBE disputes are highly likely to be multilat...This article discusses the topic of prevention and resolution mechanisms for Global Anti-Base Erosion (GloBE) disputes. As opposed to “traditional” bilateral disputes, GloBE disputes are highly likely to be multilateral in nature and therefore, more complex to address, which increases the need for mechanisms to enhance tax certainty at the cross-border level. The purpose of this contribution is to examine the mechanisms explored by the Organisation for Economic Co-operation and Development (OECD) and place this discussion within a Belt and Road Initiative (BRI) context.展开更多
This article posits that the purpose of tax policy should be to driveeconomic growth, on the theory that investment leads to employment, which leadsto taxation, which leads to development. In virtually all circumstanc...This article posits that the purpose of tax policy should be to driveeconomic growth, on the theory that investment leads to employment, which leadsto taxation, which leads to development. In virtually all circumstances, economicgrowth is a prerequisite for revenue growth. The article calls on tax administrationsto renew a focus on growth as the purpose of tax policy, discusses the dangers of“degrowth” and reviews the role of the Belt and Road Initiative Tax AdministrationCooperation Mechanism (BRITACOM) in raising the level of knowledge and skills oftax administrations.展开更多
BEPS 2.0 is set to have a profound effect on the Belt and Road jurisdic-tions’ tax certainty environment. In the initial stage, a heightening of tax uncertainty can be envisioned, though in the longer term there is r...BEPS 2.0 is set to have a profound effect on the Belt and Road jurisdic-tions’ tax certainty environment. In the initial stage, a heightening of tax uncertainty can be envisioned, though in the longer term there is reason to be optimistic that a new and more certain BRI tax environment will emerge, in which the BRITACOM can play a crucial role.展开更多
The growing trading links in the modern world have made it more difficult for tax administrations to monitor the activities of multinational enterprises(MNEs)operating on their territory.Advanced technology and commun...The growing trading links in the modern world have made it more difficult for tax administrations to monitor the activities of multinational enterprises(MNEs)operating on their territory.Advanced technology and communications have been used by MNEs to increase the scope of their operations and create global supply chains,while tax administrations try to use limited resources to apply the tax rules.The development of digital technology within government can help tax administrations to implement the latest international tax rules and monitor taxpayer activities more completely,improving domestic resource mobilisation.A benefit of more digitalisation for tax administrations is the ability to manage data and use analytical tools to make the best use of the data acquired.Wider international tax cooperation has provided tax administrations with access to information from country-by-country(CbC)reporting,the common reporting standard(CRS)and the exchange of tax rulings.These give tax administrations access to large volumes of data in relation to cross-border activities to facilitate risk assessment.Digitalisation can also reduce the compliance burden of taxpayers by making it easier to complete their tax obligations,helping them to integrate taxation processes into their routine business systems.Full use of technology combined with adequate governance can boost the efficiency of tax administration.The Belt and Road Initiative Tax Administration Cooperation Mechanism(BRITACOM)can be a platform for cooperation among tax administrations to gain more efficiency.It is important for BRI tax administrations to learn from each other through sharing their knowledge and experience in the introduction of digital technology.展开更多
The Belt and Road Initiative(BRI)has been pursuing the vision of green development and a way of life and work that is green,low-carbon,circular and sustainable.Recognizing the significance of green development in this...The Belt and Road Initiative(BRI)has been pursuing the vision of green development and a way of life and work that is green,low-carbon,circular and sustainable.Recognizing the significance of green development in this area,this paper outlines the actions taken by BRI jurisdictions to tackle climate change,and discusses the progress in energy use and carbon pricing reforms in some BRI jurisdictions,with some jurisdictions’experience being explored in detail.It also puts forward some suggestions for China to help advance green transition of BRI jurisdictions,i.e.,promoting domestic carbon pricing reforms,boosting green investment in BRI jurisdic-tions,and deepening tax cooperation and coordination under the framework of the BRITACOM.展开更多
The rapid trend of digitalisation in government services,and in particular for tax administrations,is a key strategic business topic with great potential to increase the efficiency and effectiveness of business and go...The rapid trend of digitalisation in government services,and in particular for tax administrations,is a key strategic business topic with great potential to increase the efficiency and effectiveness of business and government operations in general.As many tax administrations digitalise their processes,businesses are faced with interesting dynamics where they need to adapt their systems and processes to information and communication technology systems designed by the public sector,which could increase administrative complexity and compliance costs for businesses.ICC supports continued efforts to ensure that digitalisation enhances the efficiency and effectiveness of processes for both businesses and tax administrations and is of the view that closer collaboration with all stakeholders,and the consideration and application of key principles in digitalisation strategies and processes,will help ensure that these systems are a benefit,rather than a hindrance,to business supply chains and government operations.This article explores COVID-19 implications on tax digitalisation;key principles and objectives for digitalisation,as well as the key components of a successful digital transformation and the pre-requisites from a business perspective.It highlights how these steps will play an integral role in realising optimal benefits of efficient digitalisation for tax administrations and businesses.展开更多
The OECD/G20 Inclusive Framework(IF)on Base Erosion and Profit Shifting(BEPS)has substantially finalized the model rules and much of the guidance for the so-called“Pillar 2”global minimum tax,while work continues on...The OECD/G20 Inclusive Framework(IF)on Base Erosion and Profit Shifting(BEPS)has substantially finalized the model rules and much of the guidance for the so-called“Pillar 2”global minimum tax,while work continues on the so-called“Pillar 1”new taxing rights for market jurisdictions.As many BRI jurisdictions are among the 141 IF members,there is value in starting to consider the long-term implications of the new global tax system,and the extent to which the Belt and Road Initiative Tax Administration Cooperation Mechanism(BRITACOM),through the four core work areas of the Nur-Sultan Action Plan(2022-2024),can contribute to ensuring that BRI jurisdictions manage the transition for maximum benefit.展开更多
Governments around the world have taken urgent measures including both fiscal and monetary policies,to address the severe economic effects of the COVID-19 pandemic.Initially measures were taken to support businesses a...Governments around the world have taken urgent measures including both fiscal and monetary policies,to address the severe economic effects of the COVID-19 pandemic.Initially measures were taken to support businesses and individuals during the pandemic,to support unemployed people and reduce insolvencies resulting from the crisis;however,as the health situation around the world begins to improve,countries affected by the pandemic should take measures to stimulate growth and employment.This article argues that countries should act to promote investment and economic growth,in support of green energy and future technologies.Policy measures could include tax and non-tax incentives.Stimulus measures should be carefully targeted to achieve the intended result and their effects should be monitored through the collection of relevant statistics.The BRITACOM can be a platform to establish standards and exchange experiences.展开更多
Local tax services of the State Taxation Administration of China(STA),as direct service providers to taxpayers and fee-payers,can contribute to the cooperation of China with other Belt and Road Initiative(BRI)jurisdic...Local tax services of the State Taxation Administration of China(STA),as direct service providers to taxpayers and fee-payers,can contribute to the cooperation of China with other Belt and Road Initiative(BRI)jurisdictions under the framework of the Belt and Road Initiative Tax Administration Cooperation Mechanism(BRITACOM).Guided by the STA,Shenzhen Tax Service(STS)is actively engaging in the development of the BRITACOM in an effort to achieve its vision,i.e.,building a growth-friendly tax environment.The STS aims to establish a win-win cooperation mechanism that could serve as a model among other local services.This article focuses on three major issues,i.e.,the significance,the actions and achievements as well as the future prospects of the STS to facilitate the long-term growth of the BRITACOM.展开更多
Tax certainty is key for both businesses and governments to optimise investments and economic progress.This article shares the experience of the Inland Revenue Authority of Singapore and the approaches taken to provid...Tax certainty is key for both businesses and governments to optimise investments and economic progress.This article shares the experience of the Inland Revenue Authority of Singapore and the approaches taken to provide a more certain tax environment for taxpayers.展开更多
文摘2 June-22 October 2020 A Series of Virtual Seminars on Tax Digitalization Held Since the virtual meeting featuring Responding to COVID-19:BRITACOM Perspective on 2 June 2020,the BRITACOM Secretariat has hosted a series of virtual events.
文摘In April 2019,the Belt and Road Initiative Tax Administration Cooper-ation Mechanism(BRITACOM)was inaugurated in the spirit of peace and cooper-ation,openness and inclusiveness,mutual learning,and mutual benefit,to ensure unimpeded cross-border capital flow and facilitate trade and investment through tax administration cooperation.During the past four years,it has produced promising outcomes in tax cooperation,capacity building and mutual learning.Going forward,the BRITACOM will carry out practical cooperation of a wider scope,in broader ar-eas,and at elevated level,to revive the spirit of the Silk Road in the new era.
文摘This article looks at how enhanced digitalization of tax administration can raise both taxpayer service and enforcement effectiveness and address potential bottlenecks and barriers to BRI trade and investment.The article also draws on the extensive experiences from BRI jurisdictions and elsewhere in the world,points to potential learning points for BRI tax administrations.
文摘Digital technologies are capable of facilitating and transforming tax administration and dispute resolution in various ways.This paper presents some existing and emerging best practices and suggests that there is an opportunity for BRITACOM to take advantage of these technologies in enhancing tax dispute resolution among Belt and Road jurisdictions.
文摘This year marks the tenth anniversary of the proposal of the Belt and Road Initiative(BRI)and the fourth year since the establishment of the Belt and Road Initiative Tax Administration Cooperation Mechanism(BRITACOM).This paper exam-ines the successful experience of the joint construction of the BRI and the significant improvement of the BRITACOM,and also discusses how China could play a bigger role in further deepening BRI tax cooperation via the platform of the BRITACOM.
文摘201814-16 May 2018 B RITCC Participants Called for the Establishment of the BRITACOM The Belt and Road Initiative Tax Cooperation Conference(BRITCC)was held in Astana,Kazakhstan during 14-16 May 2018,co-hosted by the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan(SRC).
文摘The world is undergoing"profound changes unseen in a century",which is crucial for current development of international taxation.The trends of"world multi-polarization,economic globalization,IT application and cultural diversity"are surging forward.New driving forces are replacing the old ones.Balance among different countries is also changing rapidly.A global governance system is thus reshaping.Based on all these changes,this paper analyzes their impacts on international taxation,and particularly the Belt and Road Initiative Tax Administration Cooperation Mechanism(BRITACOM).
文摘This article discusses the topic of prevention and resolution mechanisms for Global Anti-Base Erosion (GloBE) disputes. As opposed to “traditional” bilateral disputes, GloBE disputes are highly likely to be multilateral in nature and therefore, more complex to address, which increases the need for mechanisms to enhance tax certainty at the cross-border level. The purpose of this contribution is to examine the mechanisms explored by the Organisation for Economic Co-operation and Development (OECD) and place this discussion within a Belt and Road Initiative (BRI) context.
文摘This article posits that the purpose of tax policy should be to driveeconomic growth, on the theory that investment leads to employment, which leadsto taxation, which leads to development. In virtually all circumstances, economicgrowth is a prerequisite for revenue growth. The article calls on tax administrationsto renew a focus on growth as the purpose of tax policy, discusses the dangers of“degrowth” and reviews the role of the Belt and Road Initiative Tax AdministrationCooperation Mechanism (BRITACOM) in raising the level of knowledge and skills oftax administrations.
文摘BEPS 2.0 is set to have a profound effect on the Belt and Road jurisdic-tions’ tax certainty environment. In the initial stage, a heightening of tax uncertainty can be envisioned, though in the longer term there is reason to be optimistic that a new and more certain BRI tax environment will emerge, in which the BRITACOM can play a crucial role.
文摘The growing trading links in the modern world have made it more difficult for tax administrations to monitor the activities of multinational enterprises(MNEs)operating on their territory.Advanced technology and communications have been used by MNEs to increase the scope of their operations and create global supply chains,while tax administrations try to use limited resources to apply the tax rules.The development of digital technology within government can help tax administrations to implement the latest international tax rules and monitor taxpayer activities more completely,improving domestic resource mobilisation.A benefit of more digitalisation for tax administrations is the ability to manage data and use analytical tools to make the best use of the data acquired.Wider international tax cooperation has provided tax administrations with access to information from country-by-country(CbC)reporting,the common reporting standard(CRS)and the exchange of tax rulings.These give tax administrations access to large volumes of data in relation to cross-border activities to facilitate risk assessment.Digitalisation can also reduce the compliance burden of taxpayers by making it easier to complete their tax obligations,helping them to integrate taxation processes into their routine business systems.Full use of technology combined with adequate governance can boost the efficiency of tax administration.The Belt and Road Initiative Tax Administration Cooperation Mechanism(BRITACOM)can be a platform for cooperation among tax administrations to gain more efficiency.It is important for BRI tax administrations to learn from each other through sharing their knowledge and experience in the introduction of digital technology.
文摘The Belt and Road Initiative(BRI)has been pursuing the vision of green development and a way of life and work that is green,low-carbon,circular and sustainable.Recognizing the significance of green development in this area,this paper outlines the actions taken by BRI jurisdictions to tackle climate change,and discusses the progress in energy use and carbon pricing reforms in some BRI jurisdictions,with some jurisdictions’experience being explored in detail.It also puts forward some suggestions for China to help advance green transition of BRI jurisdictions,i.e.,promoting domestic carbon pricing reforms,boosting green investment in BRI jurisdic-tions,and deepening tax cooperation and coordination under the framework of the BRITACOM.
文摘The rapid trend of digitalisation in government services,and in particular for tax administrations,is a key strategic business topic with great potential to increase the efficiency and effectiveness of business and government operations in general.As many tax administrations digitalise their processes,businesses are faced with interesting dynamics where they need to adapt their systems and processes to information and communication technology systems designed by the public sector,which could increase administrative complexity and compliance costs for businesses.ICC supports continued efforts to ensure that digitalisation enhances the efficiency and effectiveness of processes for both businesses and tax administrations and is of the view that closer collaboration with all stakeholders,and the consideration and application of key principles in digitalisation strategies and processes,will help ensure that these systems are a benefit,rather than a hindrance,to business supply chains and government operations.This article explores COVID-19 implications on tax digitalisation;key principles and objectives for digitalisation,as well as the key components of a successful digital transformation and the pre-requisites from a business perspective.It highlights how these steps will play an integral role in realising optimal benefits of efficient digitalisation for tax administrations and businesses.
文摘The OECD/G20 Inclusive Framework(IF)on Base Erosion and Profit Shifting(BEPS)has substantially finalized the model rules and much of the guidance for the so-called“Pillar 2”global minimum tax,while work continues on the so-called“Pillar 1”new taxing rights for market jurisdictions.As many BRI jurisdictions are among the 141 IF members,there is value in starting to consider the long-term implications of the new global tax system,and the extent to which the Belt and Road Initiative Tax Administration Cooperation Mechanism(BRITACOM),through the four core work areas of the Nur-Sultan Action Plan(2022-2024),can contribute to ensuring that BRI jurisdictions manage the transition for maximum benefit.
文摘Governments around the world have taken urgent measures including both fiscal and monetary policies,to address the severe economic effects of the COVID-19 pandemic.Initially measures were taken to support businesses and individuals during the pandemic,to support unemployed people and reduce insolvencies resulting from the crisis;however,as the health situation around the world begins to improve,countries affected by the pandemic should take measures to stimulate growth and employment.This article argues that countries should act to promote investment and economic growth,in support of green energy and future technologies.Policy measures could include tax and non-tax incentives.Stimulus measures should be carefully targeted to achieve the intended result and their effects should be monitored through the collection of relevant statistics.The BRITACOM can be a platform to establish standards and exchange experiences.
文摘Local tax services of the State Taxation Administration of China(STA),as direct service providers to taxpayers and fee-payers,can contribute to the cooperation of China with other Belt and Road Initiative(BRI)jurisdictions under the framework of the Belt and Road Initiative Tax Administration Cooperation Mechanism(BRITACOM).Guided by the STA,Shenzhen Tax Service(STS)is actively engaging in the development of the BRITACOM in an effort to achieve its vision,i.e.,building a growth-friendly tax environment.The STS aims to establish a win-win cooperation mechanism that could serve as a model among other local services.This article focuses on three major issues,i.e.,the significance,the actions and achievements as well as the future prospects of the STS to facilitate the long-term growth of the BRITACOM.
文摘Tax certainty is key for both businesses and governments to optimise investments and economic progress.This article shares the experience of the Inland Revenue Authority of Singapore and the approaches taken to provide a more certain tax environment for taxpayers.
