The Organization for Economic Co-operation and Development (OECD) and the African Tax Administration Forum (ATAF) have reached a Memorandum of Understanding (MoU) to work together in addressing illicit financial flow and implement tax policies in Africa.
A statement from ATAF’s office in Pretoria, South Africa, indicates that on June 19, 2018, the OECD and ATAF renewed their MoU until June 2023, both agreeing to continue to work together in order to improve tax systems in Africa.
It also sets their co-operation towards the achievement of the common objective of promoting fair and efficient tax systems and administrations in Africa.
At the signing ceremony, Logan Wort, Executive Secretary of ATAF said: “ATAF has made tremendous strides in its ability to offer concrete and tangible benefits to member administrations.”
He said ATAF’s targeted technical assistance work in stemming illicit financial flows that erode Africa’s tax base in key sectors, has begun to bear fruit and is advancing Africa’s development agenda 2063.
The two organizations, according to the Executive Secretary, enjoy a special relationship that has contributed to the sharing of knowledge and the development of a better tax policy for Africa and technical skills of African revenue administrators.
Pascal Saint-Amans, Director of OECD Center for Tax Policy and Administration, also said: “It has been a privilege to partner with ATAF in the past nine years; our work with African countries is an essential component which helps us to develop new international tax standards.”
Domestic resource mobilization is essential to reach the Sustainable Development Goals (SDGs).
OECD is an intergovernmental economic organization with 37 member countries funded in 1961 to stimulate economic progress and world trade.
Its member countries describe themselves as being committed to democracy and the market economy, providing a platform to compare policy experiences, seeking answers to common problems, identify good practices and coordinate domestic and international policies of its members.
The ATAF is also an international and intergovernmental organization which provides a platform for cooperation among African tax authorities.
It was founded in August of 2008 with its headquarters in Pretoria, South Africa. It has about 38 countries and is involved with publishing African tax outlook and regulating tax policies in member countries.
Liberia is a member of this continental organization, and it can be recalled that in 2017 it hosted an ATAF meeting here in Monrovia.