Enhancing Tax Transparency of ADB Developing Member Countries

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RETA 9433 is a regional technical assistance (TA) focused on enhancing ADB developing member countries' (DMCs) capacity to: (i) meet internationally agreed standards on tax transparency; (ii) counter tax evasion; and (iii) protect themselves against aggressive forms of tax planning known as base erosion and profit shifting (BEPS). Tax evasion and BEPS critically impact developing economies' ability to mobilize resources that support their sustainable development. Through this TA, ADB assists its DMCs to: - Establish legal and institutional systems/that meet the international tax integrity standards to inhibit tax-related Illicit Financial Flows; - Develop capacity to become members of and participate in the work of the Global Forum on Transparency and Exchange of Information for Tax Purposes and the OECD/G20 Inclusive Framework on BEPS on an informed basis; and - Become parties to the Multilateral Convention on Mutual Administrative Assistance in Tax Matters and the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS./