The UN Framework Convention on International Tax Cooperation (#UNFCITC or #UNTaxConvention) is a global initiative to create an inclusive, fair, and effective international tax system, currently under negotiation by UN Member States.
The UN Tax Convention is designed to reform global tax governance by making it more inclusive, transparent, and responsive to the needs of all countries, particularly low- and middle-income nations that have historically been underrepresented in international tax rule-making.
Its overarching goal is to support domestic resource mobilization (see also #sdt173 and #aaaa27 - International Tax Cooperation), enabling countries to finance public services, development, and climate action while addressing tax abuse and profit shifting by multinational corporations.
The Convention represents a shift from OECD-led discussions, which often favored wealthier nations, to a UN-led, globally inclusive process.
For updates on the work of the Intergovernmental Negotiating Committee (INC), check their website at United Nations Department of Economic and Social Affairs (UNDESA): Intergovernmental Negotiations for UN Framework Convention on International Tax Cooperation.
Three instruments are being drafted:A valuable source of definitions and solution patterns is the
A multi-stakeholder requirements engineering exercise, taking into consideration deliverables of Digital Convergence Initiative and using the approach of Societal Engineering and Collaborative Decision Making, is progressing at #UNFCITC - wikinetix.wikidot.com.
Function of Government: #cofog0112 - Financial and fiscal affairs (CS)
Relevant Sustainable Development Targets:
- #sdt171 - strengthen domestic resource mobilization,... improve domestic capacity for tax and other revenue collection
- #sdt173 - mobilize additional financial resources for developing countries from multiple sources
Read more: International Centre for Tax & Development on the UN Tax Convention.
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