The EU has a major role to play in ensuring a positive outcome of the Financing for Development Conference in Addis Ababa this summer.

 

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Policy Coherence for Development is a key principle in this regard, and domestic resources such as taxation are the most important source of revenue for financing economic and social development. This paper identifies and elaborates key reforms of the international tax system that the EU must push for ahead of the Addis Ababa conference, namely:

• The establishment of an intergovernmental body on tax matters
• The achievement of greater corporate transparency
• The inclusion of developing countries in the automatic exchange of tax information
• The promotion and operationalization of the principle of Policy Coherence for Development