A/HRC/45/15 development financing by establishing local development centres and by providing technical support platforms for municipalities. 106. The Special Rapporteur recommends that States improve their disaggregated data collection to ensure that financing for development is targeted to those most in need. 107. States should ensure that private actors that are involved in financing for development, such as banks and investors, adhere to their responsibilities under the Guiding Principle on Business and Human Rights by providing robust government oversight and by prosecuting human rights abuses. B. Tax policies 108. The Special Rapporteur recommends that States establish progressive tax systems that will serve as tools for fighting economic inequality. In reforming their tax systems, States should reduce VAT rates and expand the lists of items that are exempted so that the goods that people living in poverty require remain affordable. 109. States should terminate tax holidays and special provisions for foreign investors. Governments should bolster tax administrations and create specialized units for enforcing taxes on the wealthy and corporations. C. Meaningful community participation in financing for development 110. The Special Rapporteur urges development finance stakeholders to budget for and establish mechanisms for placing rights holders at the centre of decision-making on financing for development. Specifically, he refers to ministries of finance, planning and development; central banks; and national development banks and funds. 111. As constituent members of regional and international development finance institutions such as the World Bank and the International Monetary Fund, States must also guarantee that those institutions establish procedures for the meaningful participation of rights holders. 112. Development finance institutions must disseminate information about potential projects as soon as is practicable to enable communities and civil society to participate in decision-making about whether projects should be funded. The information should be translated into local languages and understandable by the population at large. It should also be made available in formats accessible to persons with disabilities. 113. Development finance stakeholders should include people with disabilities, women, children and young people, minorities, indigenous peoples, people of African descent and members of other disempowered or marginalized groups in participation processes for financing for development so that harms can be avoided and benefits can be shared. 114. Upon initiating a project, development finance institutions should maintain contact with affected communities and continue to facilitate participation throughout the implementation, monitoring and evaluation stages so that communities can report any issues that might arise and how projects could be improved. 115. Development finance institutions should work with civil society to establish accountability mechanisms and policies for guaranteeing access to remedy in the event that harms occur. 116. As United Nations agencies and international organizations engage member States on financing for development, especially in the context of the Sustainable Development Goals, they should advocate for and support the meaningful participation of rights holders in decision-making processes. 117. Civil society should continue to advocate for and support the meaningful participation of communities in development financing processes. 18