Best practices in tax amnesty and asset repatriation programmes

Published on 13 November 2017 as a TI Helpdesk answer
What are good practices in asset repatriation programmes? What are the lessons learned with similar programmes internationally? Any recommended anti-money laundry provisions and safeguards? How far can secrecy go?

Content

  1. The scope of tax amnesty and asset repatriation programmes
  2. Best practices in  implementing tax amnesty and asset repatriation programmes
  3. Country examples
  4. References

Summary

Tax amnesty and asset repatriation programmes have a long history and remain as popular as ever. International experience shows that amnesty can lead to windfall revenue gains, which are particularly desirable in times of recession or financial crisis when revenues are under pressure and expenditures are growing quickly.

Successful tax amnesties and asset repatriation programmes, however, are the exception rather than the norm as, over time, net revenue collection and compliance may be negatively affected by amnesties.

This report draws upon the past experience of countries and identifies best practices in implementing a tax amnesty and asset repatriation programme. A successful programme needs to be specific in its aims and terms and all relevant competent authorities must be adequately capacitated not just to handle tax cases professionally and expeditiously, but also to mitigate money-laundering risks. In the long run, the success of tax amnesties relies mostly on the government's willingness to undertake structural changes.

Author(s): Laila Martin, CiFAR - Civil Forum for Asset Recovery
lmartin@cifar.eu
Agatino Camarda, CiFAR - Civil Forum for Asset Recovery
acamarda@cifar.eu

Reviewed by: Jackson Oldfield, CiFAR - Civil Forum for Asset Recovery joldfield@cifar.eu Matthew Jenkins, Transparency International, tihelpdesk@transparency.org
Publication date: 13 November 2017
Number: 0

Download full answer

Country / Territory - Argentina   |   Brazil   |   Indonesia   |   Italy   |   South Africa   |   Turkey   
Region - Global   
Topic - Asset recovery   
Tags - Tax   |   Anti-money laundering   |   Asset recovery   |   tax amnesty   

Contact the Anti-Corruption Helpdesk

If you work for one of our supporting partner organisations, submit your query to the Helpdesk:
tihelpdesk@transparency.org

More Helpdesk answers

18
Dec
2014

Code of ethics for companies: Good practices and resources

Can you provide a short overview on the existing standards and best practices, altogether with the relevant bibliography regarding the adoption of a ...See the answer

21
Sep
2012

European Union strategies to support anti-corruption measures in neighbouring countries

What are the existing EU strategies and approaches to support anti-corruption measures in European Neighbouring countries?See the answer