TWN Info Service on Finance and Development (Oct26/02)
12 October 2026
Third World Network

Dear friends,

What is at stake in the UN tax negotiations

Intergovernmental negotiations to craft a United Nations Framework Convention on International Tax Cooperation have been taking place at the UN. According to a new TWN Briefing Paper written by Manuel F. Montes, a Senior Advisor with the Society for International Development, the current international tax system allows multinational companies and wealthy individuals to transfer their earnings to low- or no-tax jurisdictions, depriving countries of substantial tax revenues. What is at stake in the UN talks is a proposed change in the rules to accord all governments the means to tax profits and incomes made in their own territory.

The Briefing Paper is available here.

With best wishes,
Third World Network