Global Daily Tax News, Platform For Collaboration On Tax Releases Annual Report, (Nov 16, 2023)

The Platform for Collaboration on Tax on November 15, 2023, released its Progress Report 2023.

The PCT is a joint initiative of the International Monetary Fund (IMF), the OECD, the United Nations, and the World Bank Group.

The PCT Progress Report 2023 provides an overview of the PCT Partners' collaboration on domestic resource mobilization, in particular in the area of environmental taxes, the sustainable development goals, international taxation, medium-term budget planning, ensuring fiscal resiliency, and improving engagement between public sector entities and with stakeholders.

The key achievements highlighted in the report include the release of the PCT Carbon Pricing Metrics report; the annual update of PCT's Tax Projects Database, which brings together Partners' tax-related activities and capacity development projects across the globe; and a successful knowledge exchange on medium-term revenue strategies at the first MTRS country roundtable.

PCT partners also collaborated on the ongoing global discussions and consultations on the two-pillar international tax reform addressing the tax challenges arising from the digitalization of the economy, the report notes.