spot_imgspot_img
Sunday, December 22, 2024

LRA APPLAUDS OECD/UNDP INITIATIVE TO FIGHT TAX & FINANCIAL CRIMES IN LIBERIA

Date:

MONROVIA – Liberia Revenue Authority (LRA) Commissioner General James Dorbor Jallah welcomed the launch of the OECD/UNDP Tax Inspectors Without Borders for Criminal Investigations (TIWB-CI) program in Liberia on Thursday, April 4th. He emphasized the importance of a united front among relevant government agencies in combating tax crimes and boosting domestic revenue for the country.

The TIWB-CI program, a collaborative initiative spearheaded by the Organization for Economic Co-operation and Development (OECD) and the United Nations Development Program (UNDP), aims to bolster the capacity of tax administrations (in this case, the LRA) in tackling tax crimes through the dissemination of knowledge and best practices.

Commissioner General Jallah stated, “This is a very good initiative for our country, and people who get involved in tax fraud and financial crimes should be pursued and made to account.” He emphasized the program’s role in closing revenue leakages and enhancing domestic resource mobilization to support national development, while applauding the OECD and UNDP for their support.

The LRA aims to increase revenue to US$1 billion in one year, recognizing that such an ambitious goal requires collaboration beyond the LRA alone. “For the LRA to do its work effectively and efficiently, it needs the collaboration of everyone, and the TIWB-CI project is just one of the ways to go,” Commissioner General Jallah added.

The one-day event was held in a hybrid format, enabling both local and international participants, including domestic law enforcement and financial crimes agencies in Liberia, to participate either in-person at the LRA premises or via Zoom, facilitated by the OECD.

Anthony Myers, Deputy Finance Minister for Fiscal Affairs, officially launched the project, highlighting its importance in strengthening the LRA’s capacity to raise more revenue to address the government’s low fiscal space. He expressed optimism that programs like TIWB-CI can enhance the LRA’s capacity to grow the country’s revenue.

Ben Dickinson, Head of Global Relations and Development Division at OECD, underscored the significance of the project, stating that Liberia’s participation contributes to the global initiative of fighting tax and financial crimes while fostering revenue growth for development. The OECD remains committed to supporting the LRA in achieving the project’s goals, he said.

Louis Kuukpen, UNDP Liberia Resident Representative, in a virtual statement described the project as cone that will contribute to strengthening Liberia’s domestic resource mobilization efforts. This, he indicated, will empower the government to generate revenue and allocate funding for national development. He expressed confidence that the TIWB-CI project will expand the country’s fiscal space and contribute to achieving sustainable goals.

Emma Scott, Tax and Crimes Advisor of the OECD Tax Crimes Unit, virtually presented the program objectives, highlighting the joint OECD and UNDP initiative’s aim to enable the sharing of knowledge and skills through a targeted, real-time “learning by doing” approach. The TIWB-CI Program is implemented in three phases over approximately 24-30 months: Phase 1 (Gap Analysis based on Self-Assessment), Phase 2 (Implementation), and Phase 3 (Evaluation and Impact Assessment).

The event was attended by numerous government officials and representatives, including those from the Ministry of Justice, Liberia Anti-Corruption Commission, Financial Intelligence Unit, Liberia Immigration Service, Liberia Extractive Industry Transparency Initiative, Liberia Drugs Enforcement Agency, and General Auditing Commission, all of whom pledged commitment to partnering with the LRA for the success of the project.

Adopting a ‘whole of government’ approach to combat illicit financial flows, each agency’s involvement assumes critical importance in ensuring the program’s success in Liberia.

LATEST DEVELOPMENT

HOUSE MAJORITY BLOC APPROVES $880 MILLION 2025 BUDGET, AWAITS SENATE DECISION

MONROVIA, LIBERIA – Today, the Majority Bloc of the...

UN EXPERT CALLS FOR URGENT ACTION TO COMBAT TRAFFICKING IN LIBERIA

MONROVIA – A UN expert has urged Liberia to...

SENATE PROPOSES $1.8M FOR FIRE-DAMAGED CAPITOL BUILDING RENOVATION

MONROVIA, LIBERIA – The Senate, through its Committee on...

U.S. AND ECOWAS CONDEMN CAPITOL HILL VIOLENCE, CALL FOR RESTRAINT AND DIALOGUE

MONROVIA – The U.S. Embassy in Monrovia and the...

DOES LIBERIA NEED CONSTITUTIONAL CLARITY?

The ongoing power struggle within the House of Representatives...

BOAKAI SIDESTEPS SPEAKER KOFFA: LOGICALITY OR PRECEDENT-SETTING BREACH?

President Joseph Boakai's decision to submit the 2025 draft...

A MILESTONE FOR LIBERIA’S HIGHER EDUCATION, BUT CHALLENGES REMAIN

The launch of Liberia’s first doctoral programs at the...

COMMENTARY

THE LASTING LEGACY OF PRINCE JOHNSON’S DEATH AND THE PATH FORWARD FOR LIBERIA

By Lyndon J. Ponnie, Sr. The passing of former Liberian...

PRES. BOAKAI’S LACK OF LEADERSHIP AND LIBERIA’S POLITICAL CRISIS

-A Commentary Joseph Boakai's failure to lead has once again...

THE MASS DISMISSAL OF LIBERIAN PUBLIC SERVANTS: A TROUBLING TREND UNDER THE BOAKAI ADMINISTRATION

A Commentary by Wondah L. Jah Since assuming the presidency,...

SECURITY RISKS: IS PRESIDENT BOAKAI UNKNOWINGLY SETTING THE STAGE FOR EARLY COUP D’ÉTAT?

In his commentary, Liberian political analyst Vandalerk R. Patricks...

LATEST NEWS

ALLEGATIONS OF CORRUPTION SURFACE IN BOAKAI GOVERNMENT’S INFRASTRUCTURE EQUIPMENT DEAL

MONROVIA – A staunch supporter of President Joseph Nyuma...

UNCERTAINTY GRIPS MONROVIA FOLLOWING FIRE OUTBREAK AT SPEAKER KOFFA’S RESIDENCE

MONROVIA, LIBERIA – The city of Monrovia is reeling...

THIS COUNTRY WILL BE TRANSFORMED – JNB VOWS TO CHANGE LIBERIA, IF…

Standard Bearer of Unity Party, ex-Vice President Joseph Nyuma...

Share post:

EXCLUSIVE INTERVIEW

OPINION

HOR IN UPROAR AS EMBATTLED SPEAKER KOFFA’S INFLUENCE EXPOSES GOVERNANCE CHALLENGES

By Socrates Smythe Saywon, Sr. Liberia’s political scene is currently...

LIBERIANS ARE IN AN ABUSIVE RELATIONSHIP WITH THE UP AND CDC

  An Opinion By Grace RK Guar Every six...

AMERICA’S NEGLECT OF LIBERIA: A CALL FOR CHANGE

An Opinion By Bishop Dr. Rudolph Q. Kwanue, Sr A...

AMID AN UNENDING WAR AGAINST POVERTY, INJUSTICES – HAS THE PROGRESSIVE STRUGGLE BECOME LOST IN TRANSLATION?

A Patriot's Diary With Ekena Wesley What manner of Liberian progressives...

HAS PRESIDENT BOAKAI’S GOVERNMENT BEGUN BEARING GOOD FRUITS? (PART1)

By Jacob N.B. Parley Following a careful reflection, I have...

THE GALLERY

spot_imgspot_img

MORE ARTICLES

spot_imgspot_img

MORE NEWS

LATEST DEVELOPMENT NEWS

LATEST CRIME NEWS

Share via
Copy link