Adeosun to Address UN, OECD’s Conference on Tax, Revenue Leakages

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The Minister of Finance, Mrs. Kemi Adeosun, has been invited by the Organisation for Economic Cooperation and Development (OECD) to speak at the Platform for Collaboration on Tax Conference at the United Nations (UN) Headquarters in New York, United States of America.

The Platform for Collaboration on Tax (PCT) Conference, which will hold between February 14 and 16, 2018, is a collaborative initiative of the UN, OECD, International Monetary Fund (IMF) and the World Bank Group.

 

The Director of Centre for Tax Policy and Administration, OECD, Pascal Saint-Amans, who signed the invitation letter, said the minister would also be in a panel to discuss ‘Revenue Leakages: Illicit Financial Flows.’

 


Saint-Amans, who noted that tackling illicit financial flows was a priority for most countries, said the panelists would address the impact of the Illicit Financial Flows (IFFs), particularly those caused by tax evasion and corruption on sustainable development.
He said: “The panel of discussants will discuss measures, both at the national and international level, which may help to reduce IIFs and identify opportunities to increase cooperation among range of actors tackling IFFs.“The measures should also cover policies and actions that may address the underlying behaviours that give raise to IFFs, as well as the challenges limiting progress and taking into consideration fragile settings.

“We would therefore be honoured to have your presence on our programme, given the strong support Nigeria has shown for international cooperation on tax.”
A statement issued by Adeosun’s spokesman, Mr. Oluyinka Akintunde, disclosed that the minister would have a private meeting with the Head of OECD Global Forum on Exchange of Information, Ms. Monica Bhatia, on the sidelines of the PCT Conference.
The meeting would focus on Nigeria’s efforts for developing international networks and collaboration with other countries to secure tax payer information.
The inaugural PCT conference, which has as theme “Taxation and the Sustainable Development Goals (SDGs),” will focus on the opportunities and challenges for taxation and its role in supporting the Sustainable Development Goals (SDGs).

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