{"id":268509,"date":"2023-11-26T18:00:10","date_gmt":"2023-11-26T18:00:10","guid":{"rendered":"https:\/\/hamslivenews.com\/?p=268509"},"modified":"2023-11-27T09:18:40","modified_gmt":"2023-11-27T09:18:40","slug":"india-joins-africa-group-in-historic-un-vote-for-global-tax-reform","status":"publish","type":"post","link":"https:\/\/www.hamslive.com\/news\/2023\/11\/india-joins-africa-group-in-historic-un-vote-for-global-tax-reform\/","title":{"rendered":"India joins Africa Group in historic UN vote for Global Tax Reform"},"content":{"rendered":"<div class=\"news_content\">\n<div class=\"flex-1 overflow-hidden\">\n<div class=\"react-scroll-to-bottom--css-itmjt-79elbk h-full\">\n<div class=\"react-scroll-to-bottom--css-itmjt-1n7m0yu\">\n<div class=\"flex flex-col text-sm gizmo:pb-9 dark:bg-gray-800 gizmo:dark:bg-transparent\">\n<div class=\"w-full text-token-text-primary border-b border-black\/10 gizmo:border-0 dark:border-gray-900\/50 gizmo:dark:border-0 bg-gray-50 gizmo:bg-transparent dark:bg-[#444654] gizmo:dark:bg-transparent\" data-testid=\"conversation-turn-3\">\n<div class=\"p-4 gizmo:py-2 justify-center text-base md:gap-6 md:py-6 m-auto\">\n<div class=\"flex flex-1 gap-4 text-base mx-auto md:gap-6 gizmo:gap-3 gizmo:md:px-5 gizmo:lg:px-1 gizmo:xl:px-5 md:max-w-2xl lg:max-w-[38rem] gizmo:md:max-w-3xl gizmo:lg:max-w-[40rem] gizmo:xl:max-w-[48rem] xl:max-w-3xl } group final-completion\">\n<div class=\"relative flex w-[calc(100%-50px)] flex-col gizmo:w-full lg:w-[calc(100%-115px)] agent-turn\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex flex-grow flex-col max-w-full gap-3 gizmo:gap-0\">\n<div class=\"min-h-[20px] text-message flex flex-col items-start gap-3 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto\" data-message-author-role=\"assistant\" data-message-id=\"efa19711-5a88-4f11-ba98-a57f8b7c1077\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p>India, along with 124 other countries, has endorsed a resolution put forth by the 54-member Africa Group during the United Nations General Assembly (UNGA). The resolution, named &#8220;Advancement of Comprehensive and Efficient International Tax Cooperation at the United Nations,&#8221; advocates for the creation of a UN tax convention with the goal of restructuring the worldwide tax framework.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"flex justify-between empty:hidden gizmo:mt-1 gizmo:justify-start gizmo:gap-3 lg:block gizmo:lg:flex\">\n<div class=\"text-gray-400 flex self-end lg:self-center justify-center gizmo:lg:justify-start mt-2 gizmo:mt-0 visible gap-1\"><button class=\"flex ml-auto gizmo:ml-0 gap-1 items-center rounded-md p-1 text-xs gizmo:gap-1.5 gizmo:pl-0 dark:text-gray-400 dark:hover:text-gray-200 disabled:dark:hover:text-gray-400 hover:text-gray-950 md:invisible md:group-hover:visible md:group-[.final-completion]:visible\"><\/button>The proposed convention seeks to shift the focus of global tax policy decisions from the Organisation for Economic Cooperation and Development (OECD) to a more inclusive and equitable platform. The OECD, consisting of 39 high-income countries, has long held sway over international tax rules, raising concerns about the fairness of these regulations, particularly in favor of developed and wealthy nations.<\/div>\n<div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The core motivation behind India&#8217;s alignment with the Africa Group and other nations lies in a protracted campaign for the United Nations to play a more substantial role in shaping international tax norms. Anti-poverty advocates argue that current OECD-dominated tax rules allow multinational corporations to exploit loopholes, depriving economically disadvantaged countries of crucial revenues.<\/p>\n<p>Critics contend that major corporations have utilized OECD regulations to evade their tax responsibilities by leveraging low-tax jurisdictions, exacerbating financial challenges in less affluent nations. Frustrated with the perceived inadequacies of the OECD process, the Africa Group tabled the resolution at the UNGA last year, signaling a push for a more inclusive and fair approach to global taxation.<\/p>\n<p>The resolution passed with a decisive 125:48 majority and witnessed support from influential nations like India and China, as well as other BRICS members. However, the journey towards implementing this transformative measure is far from over. The resolution&#8217;s success hinges on securing a broader consensus and approval from key United Nations Security Council (UNSC) members, including major stakeholders like the United States and the United Kingdom.<\/p>\n<div class=\"flex-1 overflow-hidden\">\n<div class=\"react-scroll-to-bottom--css-itmjt-79elbk h-full\">\n<div class=\"react-scroll-to-bottom--css-itmjt-1n7m0yu\">\n<div class=\"flex flex-col text-sm gizmo:pb-9 dark:bg-gray-800 gizmo:dark:bg-transparent\">\n<div class=\"w-full text-token-text-primary border-b border-black\/10 gizmo:border-0 dark:border-gray-900\/50 gizmo:dark:border-0 bg-gray-50 gizmo:bg-transparent dark:bg-[#444654] gizmo:dark:bg-transparent\" data-testid=\"conversation-turn-5\">\n<div class=\"p-4 gizmo:py-2 justify-center text-base md:gap-6 md:py-6 m-auto\">\n<div class=\"flex flex-1 gap-4 text-base mx-auto md:gap-6 gizmo:gap-3 gizmo:md:px-5 gizmo:lg:px-1 gizmo:xl:px-5 md:max-w-2xl lg:max-w-[38rem] gizmo:md:max-w-3xl gizmo:lg:max-w-[40rem] gizmo:xl:max-w-[48rem] xl:max-w-3xl } group final-completion\">\n<div class=\"relative flex w-[calc(100%-50px)] flex-col gizmo:w-full lg:w-[calc(100%-115px)] agent-turn\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex flex-grow flex-col max-w-full gap-3 gizmo:gap-0\">\n<div class=\"min-h-[20px] text-message flex flex-col items-start gap-3 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto\" data-message-author-role=\"assistant\" data-message-id=\"a350b1d3-ca9a-4a50-a5ab-a3ff714915cf\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p>If effectively executed, this action has the potential to signify a monumental change in global tax governance, offering the opportunity to tackle poverty-related concerns and contribute to endeavors aimed at mitigating the climate crisis in economically fragile nations. As the international community engages in these discussions, the result could redefine the boundaries of economic cooperation and usher in a more fair allocation of tax obligations on the world stage.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"flex justify-between empty:hidden gizmo:mt-1 gizmo:justify-start gizmo:gap-3 lg:block gizmo:lg:flex\">\n<div class=\"text-gray-400 flex self-end lg:self-center justify-center gizmo:lg:justify-start mt-2 gizmo:mt-0 visible gap-1\"><button class=\"flex ml-auto gizmo:ml-0 gap-1 items-center rounded-md p-1 text-xs gizmo:gap-1.5 gizmo:pl-0 dark:text-gray-400 dark:hover:text-gray-200 disabled:dark:hover:text-gray-400 hover:text-gray-950 md:invisible md:group-hover:visible md:group-[.final-completion]:visible\"><\/button><\/p>\n<div class=\"flex gap-1\"><\/div>\n<div class=\"flex items-center gap-1.5 text-xs\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"w-full pt-2 md:pt-0 border-t md:border-t-0 gizmo:border-t-0 dark:border-white\/20 md:border-transparent md:dark:border-transparent md:pl-2 gizmo:pl-0 gizmo:md:pl-0 md:w-[calc(100%-.5rem)]\">\n<form class=\"stretch mx-2 flex flex-row gap-3 last:mb-2 md:mx-4 md:last:mb-6 lg:mx-auto lg:max-w-2xl xl:max-w-3xl\">\n<div class=\"relative flex h-full flex-1 items-stretch md:flex-col\">\n<div class=\"flex w-full items-center\"><\/div>\n<\/div>\n<\/form>\n<\/div>\n<\/div>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.hamslive.com\/news\/2023\/11\/india-joins-africa-group-in-historic-un-vote-for-global-tax-reform\/\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 100% !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>India, along with 124 other countries, has endorsed a resolution put forth by the 54-member Africa Group during the United Nations General Assembly (UNGA). The resolution, named &#8220;Advancement of Comprehensive and Efficient International Tax Cooperation at the United Nations,&#8221; advocates for the creation of a UN tax convention with the goal of restructuring the worldwide [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":268510,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[109,45],"tags":[1342,8223,164,1168],"class_list":{"0":"post-268509","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-africa","8":"category-india","9":"tag-africa","10":"tag-global-tax-reform","11":"tag-india","12":"tag-un"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>India joins Africa Group in historic UN vote for Global Tax Reform<\/title>\n<meta name=\"description\" content=\"India, along with 124 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