Win for Africa in quest for fair global tax talks bear fruit
The new UN Tax Convention is intended to fill the gaping hole in the global financial architecture: the absence of effective institutions for international tax cooperation. PHOTO | SHUTTERSTOCK
African countries have successfully pushed for a platform at the United Nations to discuss global tax rules on an equal footing.
The tax rules would enable these countries to address issues such as tax dodging or avoidance, illicit financial flaws, and harmful tax competition which remain major challenges to raising revenue for their development.
