Workshop on Tax-Customs Interaction Beirut, Lebanon August 26-28, 2014 The Importance of Improving Revenue Administration Enhancing Interaction and Coordination.

Slides:



Advertisements
Similar presentations
Fiscal Consolidation and Public Investment: Friends, Foes, or Neutral Partners? A Look at Bulgaria and Romania Armin Riess European Investment Bank International.
Advertisements

REGIONAL RURAL DEVELOPMENT STANDING WORKING GROUP (SWG) IN SEE
Chart 1: General Government Expenditure to GDP, % Source: World Economic Outlook Database, April 2011, International Monetary Fund.
AS/A2 The national economy The UK Economy: a Health Check How well has the economy been performing, and whats round the corner? The UK Economy: a Health.
Budget 2010: Some Perspectives on Resource Availability over the MTEF Len Verwey, Idasa.
Debt Affordability Committee 1 Debt Affordability Committee August 15, 2013.
Major Challenges for 2014  Additional $607,375 for the Forest Lake City Center lease payment. The other half of the lease payment/debt service will.
ROLE OF THE GOVERNMENT.
Participants Fiscal relations between levels of government are a high priority on the political agenda of most OECD and non OECD countries. Sub-central.
Adopting a Sound Debt Management Strategy : Domestic Against Foreign Sources* by ROBERTO B. TAN Treasurer of the Philippines 13 October 2009 * Presentation.
Challenges to Trade Facilitation Efforts Allen Bruford Deputy Director, Compliance & Facilitation World Customs Organization.
ECONOMIC ISSUES FISCAL DEVELOPMENT AND POLICY Ljubljana, 20th June 2011 Maja Bednaš IMAD.
Macro-Fiscal Forecasting Sami Yläoutinen Fiscal Affairs Department (IMF) & METAC Workshop on MTFF December 16 th –19 th, 2014, Beirut, Lebanon.
Mereseini Q. Waibuta Ministry of Finance (Fiji) 10 March, 2014 In Seoul, Korea Ministry of Finance PRESENTATION AT THE PLENARY SESSION DEVELOPMENT COOPERATION.
Workshop on Tax-Customs Interaction Beirut, Lebanon August 26-28, 2014 INTRODUCTION Overview and Purpose.
Economic Integration. Countries regional economic association Market integration and enhanced competition by trade liberalization.
1 Paul van den Noord Economics Department OECD xperience to Date.
OHCHR Meeting April 2013 Radhika Balakrishnan, Center for Women’s Global Leadership, Rutgers University.
The European Monetary Union (the eurozone)
Saudi Arabian Monetary Agency “SAMA”
Economic and Fiscal Review and Outlook. Outline  Purpose  Economic performance  Impact of slower growth  Consolidated fiscal framework  Non-interest.
AD and AS equilibrium Equilibrium in both markets P Y AD AS Y Potential.
1 EXPERIENCES OF UGANDA IN THE IMPLEMENTATION OF CURRENCY CONVERTIBILITY WITHIN THE EAST AFRICAN COMMUNITY by Charles A. Abuka PhD Assistant Director Research.
1 School FIRST Financial Integrity Rating System of Texas.
Intersections between Social Investment and the SDG: Poverty Reduction in Paraguay María del Carmen Pérez General Director of Social Policies Secretariat.
1 Sovereign Credit Risk: Changing Fundamentals Fixed Income Forum March 25, 2010 Manmohan S. Kumar Assistant Director Fiscal Affairs Department International.
 Local government is a constitutional sphere of government. The legal framework for local government is contained in Chapter 7 of the Constitution of.
The Role of Fiscal Institutions in Managing the Oil Revenue Boom CEPAL XIX Regional Seminar on Fiscal Policy January 2007 Rolando Ossowski Fiscal Affairs.
Warsaw, Poland May 17, 2010 Poland Social Sector and Public Wages Public Expenditure Review From Maastricht to Vision 2030 Overview.
MR. WALLACE AKONDOR: Commissioner Customs Division-Ghana Revenue Authority.
MINISTRY OF FINANCE Rauno Niinimäki /1 Finnish experiences of EU and EMU The annual meeting of The Icelandic Travel Industry Association Reykjavik.
1 The growth potential for Islamic Insurance (takaful) in the Arab Market A.Rahman Tolefat Head, Licensing and Information Manama, 21 st March 2006.
Economic Challenges in the Federated States of Micronesia International Monetary Fund October 2005.
August 2006 “Making Finance Work for Africa“ AFRICA FinancialSector AFTFS Going Forward, Priorities for Africa Access to Finance and Financial Infrastructure.
Revenue Administration Reform Project and Further Revenue Administration Reform Project and Further Restructuring for Higher Efficiency and Effectiveness.
1 ENSURING AND SUSTAINING MACRO-ECONOMIC STABILITY 2010 Consultative Group / Annual Partnership Meeting Venue: La Palm Royal Beach Hotel, Accra Date: 23rd.
Lebanese Customs Project for Single Window 3-4 March 2011 UN House, Beirut, Lebanon Organized by ESCWA For your convenience this presentation is equipped.
1 FISCAL SPACE AND: IMPLICATIONS TO THE HEALTH SECTOR By: Mr. David N. Ndopu DIRECTOR MINISTRY OF FINANCE AND NATIONAL PLANNING Department of Economic.
Middle East and North Africa Regional Economic Outlook November 2015.
Grants systems in OECD countries: trends and some policy issues Experts meeting on “General Grants Vs. Earmarked Grants: Theory and practice” Thursday.
Workshop on Tax-Customs Interaction Beirut, Lebanon August 26-28, 2014 Closing and Next Steps.
INTERNATIONAL MONETARY FUND JANUARY 2014 The Mauritanian Economy: Performance and Outlook.
Donor’s Conference June 2004 Ministry of Finance Establishment of financial order and Action Plan in the fiscal area.
1 Romania: Achieving Sustainable Growth and the Role of the Labor Market Jeffrey Franks European Department International Monetary Fund Bucharest January.
MEDIUM TERM FINANCIAL PLAN ( ) Date : 8/10/2010 Decision No : 2010/28.
MINISTRY OF FINANCE ECONOMIC STABILITY AND INVESTMENT PLAMEN ORESHARSKI MINISTER OF FINANCE March 11, 2008.
Overview. Basic functions  Revenue collection  Pooling of resources  Purchasing of services.
The IMF Trade-Related Technical Assistance and Institution Building Jean-Paul Bodin, Chief Revenue Administration IMF’s Fiscal Affairs Department WCO Conference.
International Monetary Fund. INTERNATIONAL MONETARY FUND What IMF do The IMF promotes international monetary cooperation and exchange rate stability,
1. What would you do with $5,000? Be specific. 2. What percentage of taxes should the government take? 3. Where is the safest place to keep your money?
International Monetary Fund, Regional Economic Outlook for Sub-Saharan Africa, April 2016 Weathering the Commodity Price Slump Regional Economic Outlook.
Taxation and Economic Growth - where will the crisis take us?
Global Economic Trends and the 2030 Development Agenda
Elena Zamsa National Contact Point Network Coordinator
Financing Heath Care in Low Income Coutnries
Context : the experience in 2010 GMR estimated annual gap for achieving universal primary and lower secondary education in at US$25.
The 2009 MTBPS: Managing a fiscal calamity
Analysis of the Economic Impact and Return on Investment of Education.
Financing regional and local economic development
Pre-budget Consultations
Analysis of the Economic Impact and Return on Investment of Education.
Return on Investment of Education
Explain what the term soft loans mean.
Macroeconomic Policy questions, Trade and Regional Market Integration: Presentation to the 2nd Committee Dialogue Ms. Vera Songwe, Executive Secretary.
International Experience in Tax Policy Design and Enforcement
International Symposium on Financing for Development (ISFD2018) 
Performance of Fiscal Rules
2005 MTBPS 25 October 2005 Introduction Macroeconomic overview
Financing Government Chapter 16.
The Future of Public Debt: Prospects and Implications
Presentation transcript:

Workshop on Tax-Customs Interaction Beirut, Lebanon August 26-28, 2014 The Importance of Improving Revenue Administration Enhancing Interaction and Coordination Between Tax and Customs Administrations

Tax:GDP Ratios (%), 2012 Selected Countries – Middle East, GCC and Europe Middle EastGCCEurope Egypt15.8Kuwait1.5Austria43.4 Jordan21.1Oman2.0Belgium46.8 Lebanon14.4Qatar2.2France44.6 Sudan6.3Saudi Arabia5.3Germany40.6 Yemen7.1UAE1.4UK39.0 Unweighted average Source: The Heritage Foundation

Gross Government Debt:GDP Ratios (%) 2012 Middle EastGCCEurope Egypt80.2Kuwait7.29Austria73.7 Jordan79.6Oman6.12Belgium99.6 Lebanon139.5Qatar37.8France90.3 Sudan97.6Saudi Arabia3.6Germany82.0 Yemen46.7UAE17.6UK90.3 Unweighted average Source: The Heritage Foundation

Debt:Tax Ratios RegionGross Debt:Tax RatioNet Debt:Tax Ratio Middle East GCC5.8(-) Europe Government Debt stands at a significantly less sustainable level in the METAC region than elsewhere in the Middle East and Europe But increased Government expenditure will be required to finance development initiatives

Redressing the Imbalance This situation can be improved through:  Reducing Government spending – but there are limits to what can be achieved  Economic growth – but this will require increased investment, and time  Fiscal regime – but raising rates will not be a sustainable option  Efficient and effective revenue administration, resulting in higher levels of compliance

Taxpayer Compliance  Non-compliant taxpayer behavior is not selective  A taxpayer who is high-risk for one tax type will probably be high-risk for all tax types  Systems, organizational models and working practices that facilitate a single view of the taxpayer are essential to effective compliance management

Tax – Customs Interaction  Tax and Customs Revenue functions are closely related  The effective exchange of information and coordination of activities will benefit both functions  Obstacles to achieving better integration exist, but it will be worth identifying and addressing them

Thank You Middle East Regional Technical Assistance Center International Monetary Fund Charles Jenkins Revenue Administration Advisor Tel: Ext. 294 Mobile: Website: