A recent United Nations report has called for a greater role in setting the global tax policy agenda in international tax affairs. It proposes three policy options: a comprehensive legally binding convention; a legally binding multilateral instrument; or a non-binding multilateral agenda for coordinated actions, all in accordance with UN General Assembly rules. While the stated aim of the report is to strengthen and promote inclusiveness and effectiveness in international tax cooperation, some countries have questioned whether the resolution duplicates and potentially undermines the OECD/G20 Inclusive Framework discussions. Further political manoeuvring is expected as the UN and the OECD, and other bodies, seek to maintain and increase legitimacy as the developer and enabler of tax policy.
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A recent United Nations report has called for a greater role in setting the global tax policy agenda in international tax affairs. It proposes three policy options: a comprehensive legally binding convention; a legally binding multilateral instrument; or a non-binding multilateral agenda for coordinated actions, all in accordance with UN General Assembly rules. While the stated aim of the report is to strengthen and promote inclusiveness and effectiveness in international tax cooperation, some countries have questioned whether the resolution duplicates and potentially undermines the OECD/G20 Inclusive Framework discussions. Further political manoeuvring is expected as the UN and the OECD, and other bodies, seek to maintain and increase legitimacy as the developer and enabler of tax policy.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
