Developing Nations Seek Tax Body to Curb Illicit Financial Flows
- Italy Inter Press Service News Agency 2016
- 3p.
The article states that the 134-member Group of 77 is continuing to pursue a longstanding proposal for an inter-governmental UN-affiliated tax body aimed at combating corporate tax dodging and curbing illicit financial flows, including money laundering and off-shore banking. The proposal is facing resistance from Western nations, but the proposal is very much alive – and still on the negotiating table as G77 continue to pursue it. The G77, the largest single coalition of developing countries, is calling for the establishment of a standing intergovernmental group of experts to address tax issues, including international tax issues, and to assist countries better mobilize and employ fiscal revenues.
