Achieving SDG 16: Enhancing Financial Integrity and Taxpayer Trust through Improved Transparency in Tax Policy

Achieving SDG 16: Enhancing Financial Integrity and Taxpayer Trust through Improved Transparency in Tax Policy

Sustainable Development Goal 16 (SDG 16) on Peace, Justice and Strong Institutions emphasizes the importance of building transparent, accountable, and inclusive institutions. Enhancing transparency within tax administrations is crucial for fostering citizen trust in government and strengthening the social contract, which are essential for achieving SDG 16. 

Developing countries face significant challenges in promoting financial integrity and combating illicit financial flows (IFFs), which drain resources, undermine economic stability, and hinder progress towards the SDGs. Various organizations, including the United Nations Development Programme (UNDP), the Organization for Economic Co-operation and Development (OECD), the World Bank, and the Financial Action Task Force (FATF), are collaborating with governments to provide support and expertise in addressing these critical issues. 

This webinar brought together government officials from select developing countries to learn about the different organizations working to support governments in enhancing tax transparency and promoting financial integrity. Participants had the opportunity to discuss the challenges they face and share their experiences in tackling these issues. The webinar also highlighted UNDP's Tax for SDGs Initiative and its work on the draft SDG Taxation Framework (STF) diagnostic evaluation. 

This webinar presented an exciting opportunity for government officials to engage with experts from leading organizations, learn about innovative approaches to enhancing financial integrity and taxpayer trust, and share their own experiences in achieving SDG 16.