Member of the Finance and Budget Committee of the House of Representatives Mirsad Isaković participates in the High Level Conference on International Cooperation in Tax Matters in Tbilisi

Member of the Finance and Budget Committee of the House of Representatives of the Parliamentary Assembly of Bosnia and Herzegovina, Mirsad Isaković, participates in the High-level Conference on International Cooperation in Tax Matters, which started today in the capital of Georgia, Tbilisi.

Participants of the two-day conference, organised by Parliament and the Ministry of Finance of Georgia, in cooperation with the Organisation for Economic Co-operation and Development (OECD) and the Global Forum on Transparency and Information Exchange for Taxation, discussed the fight against tax evasion and avoidance, tax transparency, the issue of reducing the tax base and transfer of profit, as well as cooperation and joint activities aimed at improving the efficiency of tax systems in the countries of Europe and Central Asia.

During the first day of the conference, discussions were focused on the digitalisation of the economy. It was emphasised that the application of new technologies made it easier to operate, but also raised numerous questions regarding the need to change existing international business rules and taxation.

The final part of the conference will identify priority activities that states and representatives of legislative and executive authorities should take in order to ensure effective fight against tax evasion and avoidance. In this regard, representatives of international organisations that provide support to countries with development of tools to combat tax evasion and avoidance will share their experiences with the conference participants. (End)