OECD tax reform a ‘failure’, says Tax Justice Network

The OECD has failed in its efforts to reform the international tax system despite several deals in recent years, the Tax Justice Network said Tuesday, calling for the United Nations to take over responsibility. | AFP

“No significant reductions have been made in the amount of tax countries lose to global tax abuse since the start of the OECD’s efforts to reform global tax 10 years ago,” said the Tax Justice Network.

For comparison, the NGO says the 2007-2009 Great Recession was estimated to have led to a loss of $2 trillion in global economic growth.Time for the UN That is one of the reasons why the Tax Justice Network believes the United Nations would be a better forum to reform global tax rules.

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