Platform for Collaboration on Tax strengthened support to countries during the COVID-19 pandemic - 20/10/2021
International and Regional Organizations | International
The Platform for Collaboration on Tax (PCT) – a joint initiative of the IMF, OECD, UN and the World Bank – enhanced its support to countries in the area of domestic resource mobilisation during the COVID-19 pandemic, according to the Platform for Collaboration on Tax Progress Report 2021. The report, released today, highlights that the PCT Partners are committed to deepening their tax collaboration further with a revamped work programme to help countries develop resilient tax systems and better fiscal policies in response to the crisis. The Platform for Collaboration on Tax Progress Report 2021 examines activities that the PCT has undertaken in five focus areas since July 2020: medium-term revenue strategies (MTRS), COVID-19, tax and sustainable development goals (SDGs), international taxation, and co-ordination. The new workstreams reflect the changing global tax landscape and the challenges of the pandemic for governments and policymakers as countries around the world try to balance the increased spending and lower revenues due to the COVID-19 crisis.