Tax Justice Network | Occupy World Writes

Applauding African nations that led the new resolution, one activist argued that “shifting power from the OECD is paramount to end the exploitation and plunder of developing countries.”

By Jessica Corbett Published 11-23-2022 by Common Dreams

Tax justice campaigners have rallied around a United Nations resolution—adopted on November 23, 2022—that could lead to a U.N. tax convention. (Photo: Global Alliance for Tax Justice/Facebook)

Tax justice advocates around the world on Wednesday celebrated the unanimous adoption of a resolution to “begin intergovernmental discussions in New York at United Nations Headquarters on ways to strengthen the inclusiveness and effectiveness of international tax cooperation.”

The U.N. General Assembly (UNGA) resolution on the “promotion of inclusive and effective international tax cooperation at the United Nations” was spearheaded by the African Group—which is composed of the continent’s 54 member states—and comes after about a decade of delays on the topic at the Organization for Economic Cooperation and Development (OECD). Continue reading →

One critic of the agreement said that “by settling for anything less than a 25% tax rate, the G7 is telling their citizens and the world that they’re willing to keep the race to the bottom alive and kicking.”

By Jake Johnson, staff writer for Common Dreams. Published 6-5-2021

U.S. Treasury Secretary Janet Yellen at the World Bank 2021 Spring Meetings. Phpto: World Bank/flickr/CC

Representatives from seven of the world’s wealthiest nations reached an agreement on Saturday to support a global minimum tax rate of at least 15% for multinational companies, a move aimed at curbing the use of tax havens and ending the decades-long race to the bottom on corporate taxation.

The deal struck by the U.S., Japan, Germany, France, the U.K., Italy, and Canada still faces a long road to implementation, but Saturday’s development marks substantial progress toward a global accord that could allow governments to raise revenue from corporate giants notorious for shifting operations and profits overseas to avoid taxes. Continue reading →

Occupy World Writes

The Movement Continues – Globally

Tag Archives: Tax Justice Network