More cooperative action is urgently needed by countries associated with the Belt and Road Initiative to mitigate the tax related obstacles in cross-border trade and investment, according to BRI tax authorities.

A multilateral tax cooperation mechanism under the Belt and Road Initiative was established on Thursday in Wuzhen, Zhejiang province. It aims to facilitate cross-border trade and investment along BRI routes by helping resolve tax disputes.

Heads and their representatives of tax administrations or finance departments from 85 jurisdictions, 16 international organizations, and a number of academic institutions and businesses met in Wuzhen during 18th-20th of April, 2019, for the first Conference of the Be...