economic policy

Fifth United Nations Conference on the Least Developed Countries (LDC5)

The world’s Least Developed Countries are in a race to deliver the global development goals by 2030. This new decade needs to usher in a new global partnership to close the divide.

A major conference will be held in Doha in January 2022 to help build an ambitious new programme for action for LDCs and will be held at a critical time, as the final decade of action for the 2030 agenda gathers pace. Due to the COVID-19 pandemic, LDC5 will now be held from January 23 – 27, 2022.

For information about the preparatory process, past conferences, how to participate, and more, explore un.org/ldc5.

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CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Social Development, please visit ngosocdev.org. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit ngocsdvienna.org.

COVID-19, Youth Livelihood, and Mental Health: A Global Youth Voice for Resilience and Recovery

COVID-19, Youth Livelihood, and Mental Health: A Global Youth Voice for Resilience and Recovery

The COVID-19 pandemic has disproportionately impacted young people across the world. From decreased access to quality education to sudden loss of employment, young people are at greater risk of distress now. Urgent actions need to be taken immediately with better policies and practices.

Prior to COVID-19, mental health conditions already took the lives of young people worldwide. If necessary actions are not taken with better policy and practice, this public health crisis will put youth further into severe and prolonged psychological, social, and economic distress. Let’s learn from global experts and practitioners how we could address this issue best!

Register for our side event at the United Nations #ECOSOCYouthForum2021 now. Let’s together promote the positive mental health of young people!

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CoNGO Notes: For more information on the NGO Committee on Mental Health, please visit ngomentalhealth.org. For more information on the NGO Committee on Children’s Rights, please visit childrightsny.org. For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Education, Learning, and Literacy, please visit facebook.com/NGOCELLatUN

UN Webinar on the COVID-19 Impact on Transfer Pricing

The COVID-19 outbreak is not only a health crisis, but a jobs crisis, a humanitarian crisis and a development crisis of unprecedented scale and dimension and it demands unprecedented efforts, including to finance the response and recovery.

The UN Webinar on the COVID-19 Impact on Transfer Pricing will be a 4-hour virtual learning event on the COVID-19 pandemic impact on the policy and administrative aspects of the transfer pricing analyses for developing countries in their efforts to mobilize domestic resources for response and recovery. Given the relevance of the topic to stakeholders from all regions and multiple disciplines, the event will be open to the public. The forthcoming update of the Manual on Transfer Pricing for Developing Countries, approved by UN Committee of Experts on International Cooperation in Tax Matters in its 21st Session, will be considered in light of the COVID-19-related crisis.

Register here!

The webinar is designed to:

• Give participants a better understanding of how the COVID-19 pandemic has disrupted business’ value chains and how the rapid changes and economic downturn have impacted the transfer pricing position of taxpayers and posed a challenge to tax administrations in assessing transfer prices under these circumstances.

• Identify some of the specific issues faced by developing countries on the impact of the COVID-19 pandemic on the transfer pricing position of their taxpayers and suggest practical solutions to these challenges.

• Give particular attention to the issue of the lack of local comparables to undertake the transfer pricing analysis based on the arm’s length principle. It is acknowledged that this issue is not exclusive of the COVID-19 pandemic, but has been exacerbated by it.

• It is acknowledged that while many businesses have incurred losses, some may have experienced extraordinary gains. It is important for developing countries to identify these different circumstances and have a better understanding of how to deal with extraordinary losses, as undue treatment of losses can further erode the tax base.

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CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Sustainable Development-NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development-Vienna, please visit ngocsdvienna.org