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Adeosun to address UN, OECD’s Conference on Tax, Revenue Leakages

…to pursue more global tax payer-information

By Emma Ujah, Abuja Bureau Chief

The Minister of Finance, Mrs. Kemi Adeosun, will on Thursday, address the conference of the Organisation for Economic Cooperation and Development (OECD) Platform for Collaboration on Tax (PCT).

Kemi Adeosun

The conference, billed to hold in New York, is an initiative of the United Nations, OECD, International Monetary Fund and World Bank Group.

The Director of Centre for Tax Policy and Administration, OECD, Pascal Saint-Amans, who signed Mrs. Adeosun’s invitation letter, said she would also be in a panel to discuss “Revenue Leakages: Illicit Financial Flows”.

Saint-Amans, noted that tackling illicit financial flows was a priority for most countries and that panelists would address the impact of the Illicit Financial Flows (IFFs), particularly those caused by tax evasion and corruption on sustainable development.

He said, “The Panel of discussants will discuss measures, both at the national and international level, which may help to reduce IIFs and identify opportunities to increase cooperation among range of actors tackling IFFs.

“The measures should also cover policies and actions that may address the underlying behaviours that give raise to IFFs, as well as the challenges limiting progress and taking into consideration fragile settings.

“We would therefore be honoured to have your presence on our programme, given the strong support Nigeria has shown for international cooperation on tax.”

Mrs. Adeosun is expected to have a private meeting with the Head of OECD Global Forum on Exchange of Information, Ms. Monica Bhatia, on the sideline of conference.

The meeting will focus on Nigeria’s efforts for developing international networks and collaboration with other countries to secure tax payer information.


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