UN Tax Representatives to Draft Gender, Mining, AI Guidance

A United Nations group of tax experts approved plans Thursday to help developing countries increase the ways they tax high net-worth people.

The tax experts will draft a handbook on taxing wealth that will look at case studies in developing economies and focus on the role of information exchanges and transparency, according to a proposed work plan endorsed by the group.

Rich individuals undermine wealth taxes by moving themselves or their assets to low-tax jurisdictions, making coordinated action by governments key, said Enrique Bolado Munoz, general director of international treaties and head of the tax treaty negotiation team in Mexico’s ...