UN Passes Global Tax Convention

This is a Argentina news story, published by ICIJ, that relates primarily to OECD news.

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new global tax convention

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global tax deliberations

ICIJ

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UN votes to adopt roadmap for global tax convention - ICIJ

Summary

Nutrition label

85% Informative

110 countries voted to approve ambitious parameters for a new global tax convention that could herald a fresh approach to taxing multinational corporations and the super-rich.

Forty-four countries abstained from the vote, including all European Union members and Argentina .

Eight countries rejected the scoping document, including Japan , the United Kingdom and the United States .

The terms of reference are now headed to another vote at the U.N. General Assembly in September .

The U.N. report was critical of the OECD ’s approach to international tax cooperation arrangements.

Guterres' vision is to ensure they better serve the needs of developing countries.

The OECD said it was proud of its “proven track record enabling significant changes in the international tax landscape that have benefited developed and developing countries”.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful