Implications for financial institutions and IFFs as UN votes to assume responsibility for global tax rulemaking from OECD
The United Nations (UN) General Assembly has adopted a resolution that mandates the UN to assume responsibility for rulemaking on global tax. For sixty years the lead role for global tax rulemaking has been taken by the OECD, and the UN resolution may yet trigger…
Global action required more than ever to fight IFFs through tax systems
Global action to fight tax evasion and tax avoidance and stem illicit financial flows (IFFs), is more urgent than ever in the wake of the coronavirus crisis according to a joint blog posted by senior experts at the International Monetary Fund (IMF), United Nations (UN), World Bank Group (WBG)…
NAM calls for UN-led global offensive against IFFs, tax evasion and trade mis-invoicing
The Non-Aligned Movement (NAM), the group of states not formally aligned with or against any major power bloc, has called on the United Nations (UN) to lead a global offensive to curb illicit financial flows (IFFs). The group comprising mainly countries in the southern hemisphere…
