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Put the UN in Charge of International Taxation

Almost a decade of multilateral negotiations on a global tax treaty at the OECD has yielded insufficient progress. The question to be decided this week is whether the United States and the European Union will see the light and support a different approach.

NEW YORK – This week will witness either a historic achievement in creating a more equitable global economy or a terrible failure. A vote at the United Nations will decide whether the future of global decision-making on taxation will emerge from the negotiation of a genuinely inclusive framework convention, or if a group of rich countries will successfully insist on maintaining the current ineffective and exclusionary arrangements.