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Alex Cobham
Chief Executive, Tax Justice Network
- UN Country Representatives
In an extended Taxcast edition this month, a century of tax rule setting by the former imperial powers has been overturned: we look at the UN vote on global tax reform. Taxcast host Naomi Fowler follows events at the UN, the failed efforts to block it and explores what it all means with Alex Cobham of the Tax Justice Network.
“If the time of crisis imposes the time of change, then it’s time for cooperation to take precedence over competition. It’s time for international solidarity to take precedence over particular and selfish interest in the short term. African people are tired of numbers about assistance for development. They do not request more assistance. They request every partner running business, the physical or digital, individuals and companies making profit should pay the right price, the fair and just percentage in terms of tax. Then we could keep our promise to transforming our world, to ensuring the world we want, the future we want is a reality.“
UN Representative from Cameroon
“It’s a century waiting to have a globally inclusive body to set tax rules to throw over the decisions made by the League of Nations in the 1920s and 30s that we’re all stuck with the consequences of today. We don’t actually need tax rules that were set by the imperial powers, honestly, we can do better.”
Alex Cobham, Tax Justice Network
Naomi: Hello and welcome to the Taxcast, the Tax Justice Network podcast. We’re all about fixing our economies so they work for all of us. I’m Naomi Fowler. On the Taxcast this month:
Clip 1: “African people are tired of poverty, they do not request more assistance. They request every companies making profit should pay the right price, the fair and just percentage in terms of tax.”
Clip 2: “The committee is now voting on draft resolution L18 Rev 1 entitled Promotion of Inclusive and Effective International Tax Cooperation at the United Nations.”
Naomi: It may not sound like it, but this is a historic vote at the United Nations on where the power lies for global tax rulemaking.
Naomi: It may not sound like it, but this is a historic vote at the United Nations on where the power lies for global tax rulemaking.
Clip 3: “The voting has been completed. Please lock the voting machine. The result of the vote is as follows: in favour 125, against 48, abstentions 9. Draft resolution A/C2/78/L18 REV1 is adopted.”
Naomi: Some nations tried their best to block it, but a landslide majority of nations voted to catapult the world into the next steps for fairer rulemaking on global tax. It’s all about who gets to decide, and how, and where.