Marrakesh, November 14, 2023
Global experts and finance ministers today in Marrakech during a roundtable co-hosted by the Independent Commission for the Reform of International Corporate Taxation (ICRICT) and the G24 called for:

- G24 governments not to sign or ratify the G20/OECD multilateral agreement until the US has done
so, and in the meantime consider practical immediate alternatives to raise revenue.
- Brazil, which holds the G20 presidency, to lead a new agenda on taxing the richest to address
inequalities.
- G24 governments to support the new UN inter-governmental process on international tax
cooperation.

The group, comprising Nobel laureate Joseph Stiglitz, finance ministers from Brazil, Colombia, the Ivory
Coast and Pakistan, representatives from non-governmental organizations, and high-ranking officials, called for a more inclusive international tax reform process.

Felipe Antunes de Oliveira, Brazil's General Coordinator for International Economic Cooperation,
said: “The rich must pay their fair share. Income and wealth inequality are too high in Brazil and elsewhere, and this is why bringing inclusive and fair taxation is a top priority for Brazil in its G20 presidency. We are putting taxation of wealth on the G20 agenda, but we need other countries to help making it happen.”

Professor Joseph Stiglitz said: “We've spent a decade on one process, a corporate tax reform led by the
OECD. It failed, and the problems remain. Pillar One is not going to happen. Countries should wait for the
U.S. to sign in before they do. In the meantime, we have to go back to the drawing board and try something else, and this time at the UN. We support the leadership of Brazil in demanding further international tax
reforms to deliver a more ambitious reform of corporate taxation and wealth.”

Ricardo Bonilla, Colombia’s Minister of Finance, said: “The OECD has prioritized its own interests and
neglected those of the Global South. It’s an asymmetric process, with little access to information. Efforts of Colombia together with Chile and Brazil to set up a regional platform, PTLAC (Platform for Taxation and
Latin America) are necessary to have a joint and united voice.”

Shamshad Akhtar, Pakistan’s Minister of Finance, Revenue and Economic Affairs, said: “The OECD
deal is complicated for a country like Pakistan and overall it fails the Global South. It requires us to forego
income on many of the companies that operate in our country. Nations should have the right to impose
digital services taxes.”

Moussa Sanogo, the Ivory Coast’s Minister of Economy and Finance: “Global taxation should be seen
as a public good. Failure to have a fair tax system means countries don’t have the resources to function, and
this has even security implications across the region, as failure to mobilize sufficient resources affects
immigration. Countries should not rush in signing up to the OECD tax deal.”

Amitabh Behar, Oxfam International interim Executive Director, said: “Inequality is not inevitable; it’s a
political choice. Taxing the richest has intentionally been kept out of global agendas, with false arguments.
They’re trying to make us believe that, in this day and age, everything is possible except fairly taxing the rich. With its leadership at the G20, Brazil can change the course of history by bringing wealth taxes to the
table.”