Implementing innovative policy strategies

Seychelles is exploring ways to meet the United Nations’ Sustainable Development Goals (SDGs) through strategic tax policies. This effort includes the introduction of an innovative model called the SDG Fiscal Framework (STF).

Discussions are underway at a five-day workshop organized with the support of the United Nations Development Programme (UNDP). According to the UNDP, the SDG Fiscal Framework (STF) provides diagnostic assessments and tailored support to enhance the alignment between a country’s tax system and sustainable development goals.

The Seychelles Tax Framework (STF) aims to weave sustainability into global tax policies, fostering inclusive and sustainable development. In his opening speech, the Minister of Finance emphasized that the 2030 Agenda for Sustainable Development envisions a better world founded on environmental sustainability.

Achieving these ambitious goals requires both political will and innovative policy strategies. Taxes, in this context, play a crucial role. The Minister believes that taxes can significantly influence economic and social policies, promoting equity and justice. He noted that the STF was designed to integrate sustainability into government tax policies worldwide.

During the workshop, industry experts shared their insights and experiences on implementing tax policies aligned with the Sustainable Development Goals. Participants will also examine case studies of countries that have adopted tax measures to advance sustainable development.