16 August 2024 - The global tax system needed reform, and the 缅北禁地answered the call on Friday with a blueprint for a new universal tax accord that represents an historic step towards changing the financial landscape.
The aim is to help nations around the world boost economic growth and achieve the 2030 Agenda for Sustainable Development and its 17 goals.
Here’s what you need to know about the 缅北禁地tax convention now and what it means to people around the world:
Why does a new convention matter?
A 缅北禁地tax convention represents a major shift in how international taxation is approached, with the potential to significantly impact the architecture of global financial systems and how tax dollars are used for the public good.
That’s why the UN’s Ad Hoc Committee to draft terms of reference for a 缅北禁地framework convention on international tax cooperation concluded its by approving of guidance for the new treaty, taking a landmark jump towards building a legitimate, fair, stable, inclusive and effective international tax system.
More inclusive and effective international tax cooperation is critical in enabling countries to respond to existing tax-related challenges, from digitalisation to global operations of large multinational enterprises, as well as to mobilise domestic resources and use tax policy for sustainable development.
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