Tribune News Network
Doha
The “Second Conference on Fiscal Policies and Sustainable Development” waslaunched on Tuesday, organised by The College of Business and Economics at Qatar University (QU) in cooperation with the Qatar Financial Center, University of New South Wales (Australia) and Queensland University of Technology (Australia).
A large number of experts and decision-makers in the economic field from inside and outside Qatar joined the conference. The conference featured discussion of important economic issues such as the topics of “the global minimum tax and its impact on the international flow of capital, the global minimum tax and its reflection on tax policy in the Gulf countries, the problems of tax implementation.” On value added from an international perspective, tax reform and value added tax in the Gulf countries, discussion of future plans for the project to measure the burden of tax compliance, and other topics related to this important topic.
In his speech on the occasion, Dr. Hassan bin Rashid Al-Derham, President of Qatar University, said, “The fact that Qatar University is present at this conference demonstrates the university’s interest in discussing global economic and financial developments that have an impact on the country’s economy, business activity, and capital inflows, and then coming to conclusions and making recommendations that will help the decision-maker.”
This is in line with Qatar University’s strategy 2018-2023, which focuses on increasing community communication and serving community issues by highlighting them and encouraging researchers to conduct scientific research that examines and analyzes the real problems of society and provides practical recommendations.
In his speech at the conference, Yousuf Mohamed Al Jaida, CEO of the Qatar Financial Center said: “It is a great honor for us to host this conference today in cooperation with our esteemed partners, Qatar University, and I would like to thank Dr. Hassan Al-Derham personally for his motivating opening speech in which he presented insights. He was a valuable expert on the ongoing global tax reforms, and expressed his happiness with the wide international participation that the conference attracted.
“Today, we will listen to interventions from representatives of the Organization for Economic Cooperation and Development, as the international body responsible for setting international tax rules, government officials, academics at prestigious international universities, and professionals specialized in the field of tax systems locally and globally.
The CEO of the QFC stressed that the commitment to applying international tax standards did not affect the attractiveness of the QFC tax system, whether regionally or globally. We continue to offer the best tax benefits and incentives to encourage foreign direct investment.
He stressed that the attractiveness of the QFC tax system lies not only in its tax advantages and incentives, but also in its transparent, fair and efficient administrative framework. He also stressed that the QFC tax system provides clear and transparent regulations and administrative procedures to more than 1,500 international financial companies and other service companies registered on its business platform.
In her speech at the conference, Dr. Rana Sobh, Dean of The College of Business and Economics said: “ In addition to the difficulties brought on by the Corona epidemic, environmental issues, and sustainability issues, she continued, there have been significant changes in recent years in the global economies as a result of technology advancements and the growth in digital transformation. In order to prevent the eroding of tax bases and restrict profit transfers, these trends were mirrored in international financial and tax policies, which advocated for the formation of global norms.”
She added that this conference reflects the college’s efforts in serving society and the national economy, and its keenness to discuss and discuss international financial and tax issues that may be reflected on the economy in general and on local and foreign investment in particular. The conference is also part of the college’s efforts to conduct applied research and maximizes its impact on the business environment and society locally and regionally. In this context, the college’s research projects in the field of financial and tax policies focus on the importance of reforming tax systems in the Gulf countries in order to achieve a number of goals.
