The first meeting of the OECD’s informal Task Force on Tax and Development held yesterday agreed to assist developing countries to develop effective tax systems. Taxes, as India’s Revenue Secretary, Sunil Mitra, pointed out, are the key mechanism for achieving development goals.
The Task Force included OECD tax and development communities with international organizations, NGOs and business.
The Task Force will reduce duplication, enable key stakeholders to work together and focus on developing countries needs and escape from aid dependency.