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OECD Tax Administrators To Meet In South Africa,
by Robert Lee, Tax-News.com, London
Tuesday, January 08, 2008
South Africa will later this week host the fourth meeting of the Forum of Tax
Administrators (FTA), a forum of the Organisation for Economic Co-operation
and Development (OECD) which seeks to provide strategic direction and leadership
support for revenue and customs administration across the world.
FTA meetings take place approximately every 18 months, and represent the most significant
assembly of heads of revenue and customs from over 100 countries. Among those
attending will be heads of the UK, Australia, Sweden, Canada, Ireland, Chile,
France, Singapore and US tax authorities.
The meeting will be opened on Thursday by South African Finance Minister, Trevor
Manuel, with the opening plenary session addressed by South African Revenue
Service Commissioner, Pravin Gordhan and OECD Deputy Secretary General, Pier Carlo
Padoan.
The upcoming FTA meeting, to be held in Cape Town on the 10th and 11th of January,
will focus on improving compliance through risk management and enhanced relationships
between tax administrations. At the last FTA meeting in Seoul, it was agreed
that tax administrations needed to adapt to the changing global environment
of transnational business operations and international markets, aided by new
information technology. New discussions will explore ways of collaborating to
address new avenues of tax evasion that pose a threat to government social security
and country development programmes.
It is the first time that the FTA has been held on African soil, and there
will be a special session devoted to governance and capacity building for tax
administrations in Africa, with the idea of creating a North-South partnership
to assist countries in the improvement of revenue collection, a key feature
of economic self-reliance.
The forum will also hear views from the private sector, with a number of key
international corporate leaders to present their views on global trends in business
and wealth management. These panelists will include Anita Fung of the Hong Kong
& Shanghai Banking Corporation; Chris Lucas, Global CFO of Barclays, Gill
Marcus, Chair of ABSA; Phuthuma Nhleko, CEO of MTN SA; Saroj Poddar of Gillete
India and Mike Rake of British Telecom.
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