The latest compliance news: regulatory developments, punishments, guidance, permissions and new product and service offerings.

OECD
The Organisation of Economic Co-operation and Development is trumpeting how a programme to bring tax inspectors together has delivered more than $537 million in additional revenue for developing countries since July 2015.

A group called Tax Inspectors Without Borders, founded five years ago to help developing countries tighten compliance, has 80 completed and ongoing programmes in 45 countries and jurisdictions worldwide. Some 16 countries have deployed tax officials to provide hands-on help to auditors in developing countries. Among the partner administrations are those in India, Kenya, Mexico, Morocco, Nigeria and South Africa.

“Despite the constraints that the COVID-19 crisis has imposed, the TIWB initiative remains fully ‘open for business’ thanks to measures instituted to support experts in continuing to deliver assistance remotely,” OECD Secretary-General Angel Gurría said. “Not only are we open, but we are extending the TIWB focus to provide support in other areas of taxation to fight against corruption and promote integrity.”