#138 Overturning a 100 year legacy: the UN tax vote

In an extended Taxcast edition this month, a century of tax rule setting by the former imperial powers has been overturned: we look at the UN vote on global tax reform. Taxcast host Naomi Fowler follows events at the UN, the failed efforts to block it and explores what it all means with Alex Cobham of the Tax Justice Network.

Featuring:

Alex Cobham of the Tax Justice Network

UN representatives from Nigeria, South Africa, the Bahamas, the UK, the US, Spain, Russian Federation, Cameroon.

Hosted by Naomi Fowler of the Tax Justice Network, produced by Naomi Fowler and Jo Barratt.

Transcript available here: https://taxjustice.net/wp-content/uploads/2023/12/TRANSCRIPT_Taxcast_Dec_23.pdf

"If the time of crisis imposes the time of change, then it's time for cooperation to take precedence over competition. It's time for international solidarity to take precedence over particular and selfish interest in the short term. African people are tired of numbers about assistance for development. They do not request more assistance. They request every partner running business, the physical or digital, individuals and companies making profit should pay the right price, the fair and just percentage in terms of tax. Then we could keep our promise to transforming our world, to ensuring the world we want, the future we want is a reality."

~ UN Representative from Cameroon

"It's a century waiting to have a globally inclusive body to set tax rules to throw over the decisions made by the League of Nations in the 1920s and 30s that we're all stuck with the consequences of today. We don't actually need tax rules that were set by the imperial powers, honestly, we can do better."

~ Alex Cobham, Tax Justice Network

Further reading:

The UN adopts plans for historic tax reform, Tax Justice Network

"No" voters on UN tax reform enable 75% of global tax abuse, Tax Justice Network

Follow developments on tax reform at the UN on the Tax Justice Network's live blog: Road to UN vote on global tax reform

Decolonising the International Tax System from Fadhel Kaboub's blog

A new UN Tax convention – how will it change global tax governance? From Martin Hearson

You can WATCH the vote at the UN here (the discussion on tax matters starts around 35 minutes)

More Taxcasts on https://www.thetaxcast.com