The UN General Assembly has adopted by unanimous consensus a resolution that mandates the UN to set course for a global tax leadership role. The historic decision is likely to mark the beginning of the end of the OECD’s sixty-year reign as the world’s leading rule maker on global tax, and will now kick off a power struggle between the two institutions with implications for global and local economies, businesses and people everywhere for decades to come.
The European Court of Justice has barred EU governments from exercising one of the most powerful measures against financial secrecy of the past decade, immediately triggering a growing transparency blackout across the bloc.
The Tax Justice Network submitted a report together with our partners at Alliance-Sud and the Center for Economic and Social Rights (CESR), urging the CEDAW Committee to address the negligible progress made by Switzerland towards financial transparency and the duties born by the state party to women’s and girls rights.
The EU called for feedback from the public on three proposed measures to tackle the role of "enablers” in facilitating tax abuse. Here’s a summary of the measures and of our response to the public consultation.
1 of every 4 tax dollars lost to multinational corporations using tax havens can be prevented by publishing government-collected transparency data that has been withheld from the public since at least 2016.
The Tax Justice Network published this open letter to the G20 alongside the State of Tax Justice 2022, which reports that the OECD decision to permit multinational corporations to disclose their country by country reporting privately instead of publicly had led governments to forgo $89 billion in corporate tax a year that should have been collected.
The Global Initiative on Economic, Social and Cultural Rights and the Tax Justice Network are working together to develop reforms to the governance of international taxation. As demonstrated in a new white paper which was presented at the COP27 meeting, these reforms are crucial to minimise the human suffering stemming from climate change.
“Australia showed true leadership today by being the first country to cast away the anonymity shamelessly granted to corporate tax abusers and require multinational corporations to come clean about their taxes."
The Tax Justice Network depends on support from members of the public to carry on its vital work. Your donation will help us build the tools our communities and elected representatives need to stop billions in tax from being snatched from taxpayers and stashed in tax havens.