Nagpur: Keeping the aim of India’s G20 Presidency to attempt to voice the views of the Global South on important international issues, a two-day event on International Taxation was organised from June 1-2 at the National Academy of Direct Taxes (NADT), Nagpur in collaboration with South Centre, a Geneva-based intergovernmental policy research think-tank of 55 developing countries, including India.
The OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (IF) has agreed on the historic two-pillar solution to address the tax challenges arising from the digitalisation of the economy. Indian tax administrators and policymakers deliberated on the IF’s “Two Pillar Solution” on the taxation of the digital economy and the global minimum tax. International tax experts from renowned multi-lateral organizations including the United Nations Tax Committee, Tax Justice Network Africa, West African Tax Administration Forum (WATAF), and Independent Commission for Reform of International Corporate Taxation (ICRICT) enriched the Global South discourse on the Two-Pillar Solution, as panellists.
The G20-South Centre Capacity Building Event on International Taxation titled ‘Two Pillar Solution – Understanding the Implications for the Global South’ comprised two-panel discussions on the Two Pillar Solution and its alternatives. The discussions during the event focussed on the ramifications of the Two-Pillar Solution for developing economies. The event also included a workshop on Tax Treaty Negotiations. This event is an initiative of the Indian Presidency to bolster capacity building for Indian tax officials of both senior and middle management levels in the area of International Taxation, with a global south perspective.
NADT, the apex training institute for the officers of the Indian Revenue Service, hosted the two-day Indian G20 Presidency event. The event also included a cultural evening where the vibrant culture of the state of Maharashtra was showcased to the participants and concluded with an excursion for the foreign delegates to explore the rich heritage of Nagpur.