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Permanent Mission of Chile to the United Nations

Friedrich Ebert Foundation

in cooperation with the

Financing for Development Office/ UN-DESA

 

New Resources for Development Finance-

Combating tax evasion, implementing solidarity levies and other innovative financing mechanisms 

 

Tuesday, April 25, 2006

10.00 a.m.- 1.00 p.m.

United Nations, New York

Conference Room 5

 

The initiative “Action against Hunger and Poverty” that was initiated by the Presidents of Brazil, France and Chile and later joined by Spain, Germany and Algeria has created new political momentum in the international community to meet the urgent need for additional resources of development finance and the achievement of the Millennium Development Goals. After Chile and France, 11 additional countries have recently committed in a conference in Paris to take decisions for the implementation of a small levy on air travel and have created a new dynamic in the search for new innovative financing mechanisms. The conference also established a “pilot group for solidarity contributions for development”, which is supported by 38 governments.

 

For several years the creation of new additional sources for stable and predictable flows for development have been subject to discussion in the international community. Besides considerations for solidarity levies, policy proposals for tackling tax evasion and loopholes in the international tax system have become defining features of the debate.  While most of these undeclared funds originate from developed countries a significant portion of tax avoidance deprives poor countries of the resources necessary to their growth and development. The loss in tax revenues generated by evasion in developing countries may be equivalent to the sums needed to achieve the Millennium Development Goals. In other words, it would be pointless to think about poverty reduction, if at the same time little is being done to help to rebuild these countries’ taxation capabilities, both of their own residents and on foreign-owned capital.  

 

Background Reading:

 

Innovative Sources of Finance after the Paris Conference by Frank Schroeder, Friedrich Ebert Stiftung, New York.

 

Program

 

 

10:00 am

 

Registration

 

10:15 am -10:30 am

 

Welcome and Introduction

H.E. Mr. Heraldo Muñoz:

Ambassador Extraordinary and Plenipotentiary

Permanent Representative of Chile to the United Nations

 

10:30 am-1:30 pm

Panel Discussion: Combating tax evasion, implementing solidarity levies and other innovative financing mechanisms

 

The purpose of the panel is to provide an opportunity to review the recent outcomes of the Paris conference, discuss solidarity levies, other innovative financing mechanisms and address policy options against tax evasion. The event will in particular strive for a dialogue between governmental representatives and non-governmental actors who are actively engaged in the Follow-up process of the Financing for Development (FfD) conference. Seminar participants include delegates from national governments and missions to the UN, Board members of the international financial institutions, and representatives of non-governmental organizations.

 

Speakers:

Mr. John Christensen, International Coordinator, Tax Justice Network

Mr. Ricardo Ffrench- Davis, Principal Regional Advisor, Economic Commission for Latin America and the Caribbean (ECLAC)

Mr. Luis Pereira, Secretary for International Affairs, Ministry of Finance, Brazil

Mr. Jean Pierre Landau, Coordinator of the report on innovative sources of finance to French President Jacques Chirac (tbc.)

Mr. John Williamson, Senior Fellow, Institute for International Economics

 

Moderator:

Ms. Maria Luiza Viotti, Director General, Department for Humanitarian and Social Affairs, Ministry of Foreign Affairs, Brazil

 

Concluding Remarks:

Mr. Frank Schroeder, Senior Economist, Friedrich Ebert Foundation, New York Office

 

 

 

 

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