This area of intervention is covered by the OECD. It seeks to build the capacity of tax and customs administrations in fighting tax evasion, illicit financial flows and tax, fraud.
The fight against tax base erosion and profit shifting is strengthened
1. A regional directive
The proposition of a regional directive on the management of transfer pricing, base erosion, and tax avoidance to ensure fair competition for all companies
2. National legislation
The integration of the directive into the positive law of the Member States (MS) or the adjustment of the national legislation in force
3. A training program
Definition and implementation of a training program for previously targeted designated staff from the MS and the two (02) regional organizations
4. An information exchange system
Definition and development of an information exchange system among ECOWAS countries
5. A regional price database
Development of a regional database of comparable prices, relating to each country’s specific characteristics and economic infrastructure
6. Good practices
Analysis of international tax treaties signed by ECOWAS Member States to develop good practices
7. Awareness workshops
Organizing awareness-building workshops where business experts, tax administrations, and civil society can discuss transfer pricing issues
8. A regional coordination
Establishment of a regional advisory coordination on transfer pricing – bringing together representatives from the tax and customs administration, tax advisors, and transnational companies
The fight against illicit financial flows and tax fraud is strengthened
1. Regional training workshops
Establishment of regional training and awareness workshops on tax transparency and international exchange of information
2. Support to MS
Support to MS on the exchange of information: automatic exchange of information, exchange of information on beneficial owners, membership of the Global Forum on Transparency and Exchange of Information, considering international standards on transparency and exchange of information, training of MS personnel
3. Participation of MS
Participation of ECOWAS MS in workshops on fighting corruption and promoting ethics in tax and customs matters
4. Support to MS Specialists
Support to MS specialists on complex tax audits involving sensitive and/or smuggled products (cement, corn, gasoline, gold, natural resources, etc.), on tax aspects of Public-Private Partnerships (PPP), and on all audits related to international taxation
5. Good Practice Guide
Development of a guide of good practices for tax audits
6. Integrity and transparency of institutions
Strengthening the integrity and transparency of governance institutions – Exchange of experiences (annual seminar) of the MS relating to anti-corruption in the public sector with the participation of civil society (accountability)