- UN adopts resolution to establish a framework convention on tax
- Decision-making on global tax rules may move from the OECD to the UN
- Historic victory for countries of the global South
- Opposition from the OECD, US, UK, and EU
- Last-minute attempt by the UK to weaken the resolution was defeated
- Resolution supported by two-thirds of countries at the UN
- Adoption of the resolution celebrated by government officials, economists, and civil society organizations
- Africa Union welcomes the establishment of an inclusive process at the UN for international tax cooperation
- Tax Justice Network emphasizes the need to take back power over global tax rules from tax havens and corporate lobbyists
- Majority of countries ready to negotiate global tax rules at the UN instead of the OECD
Source: taxjustice.net
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
