World Leaders Call on UN to Start Developing Global Tax Norms

Several world leaders at a United Nations high-level panel said that the OECD is not the preferred organization to lead the international tax cooperation agenda, but existing work should not be duplicated.

Discussions at a UN panel on financing for development on Wednesday highlighted that while developing countries need to improve tax revenue collections to meet sustainable development goals (SDGs), the capacity of domestic tax systems is obstructed by an obsolete international system that enables tax avoidance.

Iyabo Masha, director of the G24 secretariat, moderated the panel and said that international tax cooperation needs to be ...