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The world’s poorest countries are paying more than 12 times as much to their creditors as they are spending on measures to tackle the impact of global heating, a campaign group has warned.
Countries at the UN have adopted by a landslide majority today a resolution to begin the process of establishing a framework convention on tax and completely change how global tax rules are decided.
Almost a decade of multilateral negotiations on a global tax treaty at the OECD has yielded insufficient progress. The question to be decided this week is whether the United States and the European Union will see the light and support a different approach.
More than 300 civil society organisations call upon governments, Ministries of Finance and International Financial Institutions to #EndAusterity and implement financing alternatives at the annual meetings of the World Bank and IMF in Marrakesh.
