WBG/IMF Tax Conference

Tuesday, Oct 19, 2021 | 10:30 AM - 01:30 PM

Location: SEC Virtual 02

Description:This event can be viewed by Meetings participants and staff on the Meetings Login Page. *Meetings Login Page|https://meetingslogin.worldbank.org/events/wbgimf-tax-conference*

Instructions for IMF Staff:

  • IMF Staff who would like to attend the WB/IMF Tax Conference will need to click on this link to register and use their IMF email address.
  • Participants will receive a zoom link to join the conference within 24 hours after registering.
  • If registering over the weekend, participants should expect to receive the zoom link on Monday.
  • Participants will be able to register up until 30 minutes before the start of the WB/IMF Tax Conference.

The WB/IMF Tax Conference -
Taxation of the Wealthy in Developing Countries

TUESDAY, OCTOBER 19 | 9:30-12:30 PM EDT | ZOOM

On behalf of the World Bank Group (WBG) and the International Monetary Fund (IMF), we are pleased to invite you to register for the Tax Conference - Taxation of the Wealthy in Developing Countries, which will be held virtually on Tuesday, October 19, 2021 from 9:30 am to 12:30 pm EDT.

The Tax Conference is a semi-annual event series on international tax issues, co-organized by the World Bank and the IMF during the Annual and Spring Meetings and attended by member country officials, staff of international organizations, business and CSO representatives and academics.

The tax experts during the upcoming Tax Conference will discuss the challenges in better taxation of income and wealth, the experience that governments in developing countries face in using tax policies to reduce income and wealth inequality and, the practical issues in designing as well as implementing such policies.

The program agenda and the list of speakers can be found below or on the event page. For questions on registration, please contact us at Tax4Dev@worldbank.org.

We look forward to your participation.

Sincerely,

The Tax Conference Organizers

AGENDA

WB/IMF Tax Conference -

Taxation of the Wealthy in Developing Countries

Tuesday, October 19 | 9:30-12:30 PM EDT | Zoom

Inequality in the form of extreme concentration of income and wealth has been rising in many countries. Recent evidence has shown that the top 1% share of global income has been between three to four times larger than the share of the bottom 50%. The persistence in income inequality over centuries until today is largely driven by inequality in distribution of wealth. Progressive tax policy is one of the prime tools for addressing such inequality and the optimal policy choices will need to balance the benefits of redistribution with the costs of implementing such policies. Setting tax policy to address inequality faces many challenges, including how to deal with globalization, tax competition, tax avoidance and evasion, and state capture.

This year we will discuss the challenges in better taxation of income and wealth, the experience of governments in developing countries and the practical issues they face in designing as well as implementing tax policies to reduce income and wealth inequality.

9:30 – 9:35 AM

Welcome by Organizers

9:35 – 9:45 AM

Opening Remarks

·        Marcello Estevão, Global Director, Macroeconomics, Trade & Investment Global Practice, Equitable Growth, Finance and Institutions, The World Bank Group

·        Vitor Gaspar, Director of the Fiscal Affairs Department of the International Monetary Fund, IMF

9:45 – 10:00 AM

Presentation on the challenges in the taxation of capital, wealth and, high Incomes
  • Alex Klemm, Division Chief, Tax Policy 2, Fiscal Affairs Department, IMF

10:00 – 10:45 AM

Panel Discussion: The panel will discuss the key policy challenges facing developing countries in addressing income and wealth inequality and the role of taxation in reducing it.

Moderator:

·      Chiara Bronchi, Practice Manager, Fiscal Policy and Sustainable Growth Unit, MTI GP, World Bank

Panelists:

  • Suryo Utomo, Director General of Taxes, Government of Indonesia
  • Roberto Jose Arias, Secretary of Tax Policy, Government of Argentina
  • Dr. Azura Othman, CEO, Chartered Institute of Islamic Finance Professionals
  • Branimir Jovanovic, Economist, Vienna Institute of International Economic Studies; former advisor to the Minister of Finance, North Macedonia 

10:45 – 11:00 AM

Questions from the Audience

11:00 – 11:20 AM

Keynote Address:

  • Emmanuel Saez, Professor of Economics, University of California, Berkeley 

In his address Professor Saez will focus on the present state of taxation of capital income and wealth and how it may be reformed to make it more effective.

11:20 – 11:35 AM

Keynote Speaker - Question and Answers (Q&A)

Moderator:

·       Sebastian James, Senior Economist, Fiscal Policy and Sustainable Growth Unit, MTI, World Bank

11:35 – 11:45 AM

Presentation on the challenges in addressing tax evasion among the wealthy, the international dimension, digital taxation, and targeted tax audits

·       Ana Cebreiro, Senior Economist, Fiscal Policy and Sustainable Growth Unit, MTI, World Bank

11:45 – 12:20 PM

Panel Discussion: This session will discuss challenges in implementing equitable policies and improving tax administration to address tax avoidance and evasion among top income earners and high net worth individuals and share success stories.

Moderator:

  • Katherine Baer, Deputy Director, Fiscal Affairs Department, IMF

Panelists:

  • John Rujoki Musinguzi, Commissioner General, Uganda Revenue Authority
  • J.B. Mohapatra, Chairman, Central Board of Direct Taxes, Ministry of Finance, Government of India

12:20 – 12:30 PM

Questions from the Audience