Big day for international tax justice.

The Draft Terms of Reference for a United Nations Framework Convention on International Tax Cooperation were approved by 110 countries today to be sent to the UN General Assembly.

8 countries opposed, including Canada, US, UK.

Proposal: https://financing.desa.un.org/sites/default/files/2024-08/Chair's%20proposal%20draft%20ToR_L.4_15%20Aug%202024____.pdf

Quick article: https://www.cesr.org/the-un-tax-convention-terms-adoption-fiscal-justice/

#Development #Economics #Finance #International #Tax #TaxJustice #UN

@prachisrivas Is this a proposal that would be vetoed by the US or UK?
@wim My understanding is that it would not. as it is not a UN Security Council proposal.