Press releases

The US and the EU should back a UN tax convention

NEW YORK, Nov 21, 2023 – This week will witness either a historic achievement in creating a more equitable global economy or a terrible failure. A vote at the United Nations decides whether the future of global decision-making on taxation will emerge from the negotiation of a genuinely inclusive framework convention, or if a group of rich countries successfully insist on maintaining the current ineffective and exclusionary arrangements.

The importance of Wednesday’s vote reflects the urgency of addressing the unfairness and inefficiency of the current system of corporate and wealth taxation. It is also a clarion call for the world to use multilateral principles to reach multilateral solutions. Success would demonstrate that the world can forge a different and better multilateralism …
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