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Helping Asia and the Pacific Finance SDGs by Using Domestic Resources

The Asia Pacific Tax Hub is helping developing member countries raise more domestic revenues and strengthen their cooperation on international tax matters to finance their own development projects and programs. ....

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COVID-19 pandemic spurs Asia's focus on tax, resource mobilization reform

After spending heavily to support their economies during the COVID-19 pandemic, countries in Asia and the Pacific need to look to tax and financial management reforms to mobilize resources for a sustainable, equitable recovery.
“The health crisis offers a unique opportunity for countries to mobilize domestic resources and reshape their tax systems to create more equitable and environmentally sustainable societies for the long term.”
Since early 2020 the COVID-19 pandemic, the worst health crisis in a century, has forced governments in Asia and the Pacific to carry out unprecedented
1 levels of spending to try to preserve services, prop up businesses, and protect jobs as economies slumped and tax revenue plummeted. ....

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Asia Pacific Tax Hub

Domestic Resource Mobilization and International Tax Cooperation
Effective, timely, and corruption-free delivery of public services can require a steady source of financing for many developing countries in Asia and the Pacific. One of the biggest challenges is how to pool more resources to improve public financial management and enhance government capacity. Countries need to take strong policy and institutional reforms to raise tax yields to meet their Sustainable Development Goals (SDGs). In a globalized world, where cross-border transactions are inevitable, they also need to meet international standards and better cooperate in implementing and enforcing tax rules.
ADB is in a unique position to improve governance at the national and sub-national level, develop capacity and share knowledge at the regional level, and contribute to the global initiatives in collaboration with other international organizations and sub-regional tax associations in the Asia and the Pacific re ....

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