Global Alliance for Tax Justice representatives are in New York right now for the United Nations Genereal Assembly meetings, and here is some very exciting news, related by The Guardian : “Ecuador’s foreign minister steps up campaign for UN tax body. Guillaume Long is to call on the UN general assembly to create a global regulator to stamp out tax havens and expose the corrupt elite”, states the newspaper.
A”t the UN general assembly session, Ecuador will propose the creation of a global tax regulator. The IMF estimates that tax dodging costs developing countries more than $200bn (£152bn) a year – much more than the total global aid budget. The proposed UN body would be made up of member states and be empowered to clamp down on tax-evading multinationals, shut down tax havens and expose the corrupt elite who are squirrelling their money away to avoid paying tax.”