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Monday, 23 October 2017

ACP - Discussions focus on climate-friendly tax policies

Discussions at the joint meeting on Development Finance Co-operation held in Brussels of the African, Caribbean, and Pacific Group of States (ACP) and the Organisation for Economic Co-operation and Development (OECD) underscored the need for unlocking complementary finance flows from a broader range of sources to tap into available resources. A statement from the Department of Information on September 28 said Fiji's head of mission to the EU based in Brussels, ambassador Deo Saran chaired a session on international tax collaboration and updated the participants on relevant domestic and international actions, including in the area of climate change. "International collaboration on climate-friendly tax policies has a place in the toolbox of instruments for combating global warming," said Mr Saran. Meanwhile effective responses to development and international tax jurisdiction challenges were also discussed at the joint meeting. The statement said next to ACP member States, representatives from the EU, the World Bank and other tax and development experts were present. It said the aim of the meeting was to bring together the knowledge and experience of different stakeholders to enable the effective implementation of the 2030 Agenda on Sustainable Development, the Addis Ababa Agenda Action and the Paris Agreement on Climate Change. "The Fijian government has anchored its commitment to create a functional tax system by signing the OECD Multilateral Instrument on Tax Measures in June 2017. Implementing this instrument will attract international trade and stimulate investors' confidence," Mr Saran said.

Source: Fiji Times