Various reports estimate that developing countries lose trillions of US dollars in much needed revenue to tax evasion and aggressive avoidance schemes. One way to curb this menace is to build the skills and capacity of tax authorities in developing countries to conduct tax audits and investigations.
On Monday 13 July 2015, the OECD and UNDP officially launched a joint initiative tagged Tax Inspectors Without Borders (TIWB) to help developing countries build tax audit capacity in order to effectively deal with tax evasion and aggressive tax avoidance. This development will definitely have an impact on taxpayers and tax administrators in participating countries including Nigeria but overall should lead to an improvement in the tax system.
See below a copy of the concept note issued by the OECD/UNDP and a link to the OECD website for more details.
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