The resolution adopted on November 27, 2024, by the United Nations General Assembly to establish a Framework Convention on International Tax Cooperation represents a significant step forward in addressing long-standing inequities in global tax governance. WATAF recognises this milestone as a critical opportunity to create an inclusive international tax system that prioritises fairness, transparency, and effectiveness.
WATAF commends the leadership of the African Group in championing this initiative and successfully tabling Resolution 78/230, setting the stage for negotiations beginning in February 2025. This aligns with our ongoing advocacy for a multilateral approach that enables all nations, particularly developing countries, to participate equally in decisions shaping global tax rules.
We are delighted to learn that two early protocols will be negotiated together with the Convention, to cover: (i) the taxation of income derived from the provision of cross-border services in a context of digitalised economy; and (ii) a focus area to be determined in February 2025, which may address taxation of the digitalised economy; measures against tax-related illicit financial flows; prevention and resolution of tax disputes; or tax evasion and avoidance by high-net worth individuals. We believe that these focus areas are pivotal for improving domestic resource mobilisation and fostering sustainable development in West Africa. Read more…
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