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UN To Launch International Tax Organisation

by Robin Pilgrim, LawAndTax-News.com, London

23 December 2003


It has emerged that the United Nations is planning to launch its own International Tax Organisation, in a challenge to the powers of the Organisation for Economic Cooperation and Development (OECD).

According to reports, the move is a response to the perceived failure of other international bodies to effectively crack down on large scale tax evasion by multinational firms.

The new organisation, which is backed by UN secretary general, Kofi Annan, will be able to gather information from the UN's 191 member countries (as opposed to the OECD, which has just 30 members). It will also be involved in the development of new anti-evasion initiatives.


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