Following the leak of Panama Papers, IMF, OECD, United Nations and World Bank have created a joint platform to help developing countries fight tax evasion.
Dubbed Platform for Collaboration on Tax, the platform will formalise regular discussions between the four international organisations on the design and implementation of standards for international tax matters.
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The platform will also strengthen their capacity-building support, deliver jointly developed guidance, and share information on operational and knowledge activities, the partners said.
"A major aim of the Platform is to better frame technical advice to developing countries as they seek both more capacity support and greater influence in designing international rules," the group said in a statement.
The platform will develop a number of ‘toolkits’ to enable developing countries implement the measures developed under the G20/OECD Base Erosion and Profit Shifting Project and on other international tax issues.
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