Tax Inspectors Without Borders to Fuel Industry-Specific Audits

Tax Inspectors Without Borders, which provides developing countries’ tax agencies with no-cost support for audits and investigations, is shifting gears to help nations focus on specific industries as they fight tax evasion done through complex transfer pricing arrangements.

Since its launch in 2015, TIWB has helped tax administrations across 70 developing countries gain an additional $2.4 billion in tax revenue and $6.39 billion in tax assessments, and has disallowed $2.5 billion in losses that taxpayers sought to carry forward, according to a report released Wednesday. It said the program sees a return of ...