Launch of the Asia Pacific Tax Hub (on 3rd May 2021)
Strengthening domestic resource mobilization and international tax cooperation has become an important strategic priority for ADB, arguably even more so after the COVID-19 crisis. To enhance ADB’s support for its developing member countries, ADB has announced the establishment of the Asia Pacific Tax Hub, which is envisioned to provide an open and inclusive platform for strategy policy dialogue, knowledge sharing, and development coordination among ADB, ADB member countries and development partners.
The 54th Annual Meeting this year will serve as the official launch event of the Asia Pacific Tax Hub. Three topics will be discussed at the launch: (i) the macroeconomic outlook and role of revenue mobilization, and effectiveness of medium-term revenue strategies; (ii) automation of tax administration; and (iii) international tax cooperation, bringing together the Governors from ADB members and development partners. The event will feature President Masatsugu Asakawa and high-level officials from development partners and ADB member countries.