Several countries urged members of the United Nations to back a coordinated, global effort to crack down on corporate tax abuse and illicit financial flows.
Government officials from Mexico, Pakistan, Nigeria, and Norway voiced support for recommendations from an UN-affiliated panel released Thursday.
The report also called for better tax information sharing between developed and developing countries, and the creation of a global pact to tackle illicit financial flows and tax issues.
The recommendations—if followed—would represent a shift of power in global tax policy-making toward developing countries.
“Let’s use this moment to move towards a financial system built on accountability, ...