Tax policies only favor elite, firms–activists

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Tax policies only favor elite, firms–activists - Business Mirror

Quick Summary:

AS countries grapple with insufficient revenues to finance public services, tax policies continue to favor corporations, multinational corporations and the wealthy few, according to a tax-justice advocate.

A new UN Tax Convention Ad-Hoc Committee was established in February 2024 while initial negotiations occurred from April 26 to May 8, 2024, to draft the Convention’s Terms of Reference (ToR) by the end of August this year.

The next months will be crucial in the fight for tax rules on financing for human rights, quality public services, gender equality and climate action that countries urgently need, it said.