UN Draft Tax Treaty Urges Fairer Taxing Rights, Wealth Taxes (2)

A UN committee has provided countries with a preliminary document for negotiating a global tax treaty, naming fair taxation of corporations and wealth taxes as areas of focus.

The committee’s “zero draft terms of reference,” produced by the committee’s 20-member bureau Friday, sets out the basic parameters and mechanisms for a United Nations Framework Convention on International Tax Cooperation, Ramy Youssef, the committee’s chair, said in a note accompanying the draft.

“The zero draft ToR aims to provide guidance to the negotiation of the framework convention without unduly limiting flexibility,” Youssef said.

The document summarizes what many African, Latin ...