Economy and trade
Earlier this month, it was fantastic to welcome Sussex based businesses, local MP’s, government ministers, officials and trade experts to the third annual SussExport at Wilton Park.
Participants benefited from advice on expanding their exports along with updates of successes in the region with presentations from local leading businesses.
With regional businesses showcasing their wares and services, it is clear that Sussex has huge amounts to offer the world with ambition to match. Planning for SussExport 2024 is already in motion.
Climate transition plans as an emerging international regulatory norm
As companies and organisations across the globe grapple with a climate crisis of increasing intensity and urgency, a disparity is emerging between entities that are taking the crisis seriously and developing credible net zero plans and those who are further behind in building their capacity to offer meaningful responses to climate change.
Governments are now moving towards integrating the most successful elements of the various voluntary schemes for carbon disclosure and transition planning into mandatory reporting requirements applied across the whole economy.
In 2023, there is a pivotal moment of opportunity to rapidly build overall convergence and interoperability between requirements in different jurisdictions. At a meeting hosted by Wilton Park last week, key decision-makers from central banks and financial regulators met to discuss next steps for these private sector climate transition plans.
The use of Information Technology to drive efficiency and efficacy in Tax Administration
This month Wilton Park will be hosting a dialogue bringing tax officials together from the UK, India and seven Commonwealth countries in ‘The use of Information Technology to drive efficiency and efficacy in Tax Administration’.
We are partnering with the British High Commission India, HM Revenue & Customs, the Commonwealth Association of Tax Administrators and the Central Board of Direct Taxes, Government of India.
Roundtable discussions will focus on using IT as a tool to improve tax administration. Participants will be encouraged to share views and case studies demonstrating how tax bodies can best engage digitally with taxpayers, and what internal developments need to be made to achieve this.
This is an opportunity for participants to benefit from each other’s expertise to build collective capacity for using IT in tax administration. Our intention is that the dialogue will result in a new working group that will allow for greater collaboration across the Commonwealth.