“This provides a platform for exchanging ideas, sharing best practices and developing strategies that will contribute to a sustainable future for the Pacific.”
Meanwhile, when delivering the keynote address, the acting Prime Minister (PM) William Duma called on tax administrators to embrace strategies that collect taxes fairly while nurturing businesses that generate revenue.
“In the realm of fiscal sustainability, our nations grapple with the challenge of maintaining financial stability while striving for development,” said Mr. Duma.
“The stability and growth potential of tax revenue sources must be explored, as overreliance on volatile sources can destabilize our fiscal standing.
“To uplift the well-being of our people, we must efficiently extract a significant portion of our economic activity through taxation, an endeavor that necessitates improvement in tax administration.”
The Acting PM also highlighted the need of tax systems to adapt to the rapid technological advancements by embracing it to accomplish efficiency and precision.
A total of 44 delegates are attending the annual meeting from 13 PITAA member countries and 11 partner organizations. The meeting concludes on Friday 27th September. NEWS
TAX ADMINISTRATORS URGED TO INCORPORATE NEW METHODS
By Emmanuel MAIPE |
September 28, 2023
“This provides a platform for exchanging ideas, sharing best practices and developing strategies that will contribute to a sustainable future for the Pacific.”
Meanwhile, when delivering the keynote address, the acting Prime Minister (PM) William Duma called on tax administrators to embrace strategies that collect taxes fairly while nurturing businesses that generate revenue.
“In the realm of fiscal sustainability, our nations grapple with the challenge of maintaining financial stability while striving for development,” said Mr. Duma.
“The stability and growth potential of tax revenue sources must be explored, as overreliance on volatile sources can destabilize our fiscal standing.
“To uplift the well-being of our people, we must efficiently extract a significant portion of our economic activity through taxation, an endeavor that necessitates improvement in tax administration.”
The Acting PM also highlighted the need of tax systems to adapt to the rapid technological advancements by embracing it to accomplish efficiency and precision.
A total of 44 delegates are attending the annual meeting from 13 PITAA member countries and 11 partner organizations. The meeting concludes on Friday 27th September. LATEST NEWS