Oct 01, 2024 (MENAFN via COMTEX) --
(MENAFN - AzerNews) Akbar Novruz Read more
During the International Forum on Carbon Pricing held in Baku,Orkhan Nazarli, Head of the State Tax Service under the Ministry ofEconomy of Azerbaijan, met with Margaret Cotton, Deputy DivisionChief, Revenue Administration II, Fiscal Affairs Department,International Monetary Fund, Azernews reports.
At the meeting, Nazarli emphasized Azerbaijan's commitment toexpanding relations with the IMF. He noted the importance of theIMF's support for various projects aimed at improving the businessenvironment and fostering public-private sector partnerships.
The forum, co-organized by the Organization of Intra-EuropeanTax Administrations (IOTA) and Azerbaijan's State Tax Service, washighlighted as a significant platform for discussing criticalissues. A key topic discussed was the support for the "green"economy and the acceleration of the transition to low-carbonbusiness solutions, which is a primary focus for many countries. Inthis context, implementing decarbonization efforts whilemaintaining economic stability and promoting fairness in thebusiness environment is of great interest to the internationalcommunity. The importance of investigating carbon pricing and taxmechanisms was also underlined.
Nazarli shared that Azerbaijan's tax authorities have beenconducting analyses and studying international practices in thisarea. The discussion also included the potential for strengtheningpartnerships with the IMF, focusing on applying tax instruments tofoster a sustainable and competitive economy, improving thebusiness environment, and enhancing public-private sectorcooperation.
The parties exchanged views on the priorities for futurecooperation, the progress made in promoting international relationsbetween tax authorities, and upcoming prospective projects.
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