Groups launch wealth tax campaign

SunStar Publishing Inc.

LEADERS from multisectoral groups across Asia called for a “fair and progressive tax reform” initiative throughout the region while urging the governments to enact and effectively implement wealth tax policies. “We expect governments in Asia to adopt a United Nations Tax Convention during the 79th session of the UN General Assembly this September,” said Jeannie Manipon, senior program manager of Development Finance Program of Asian People’s Movement on Debt and Development .

They also reiterated the “need for a tax overhaul, and for new tax architecture to be upheld by the United Nations.” On August 16, 2024, the Terms of Reference for the development of a UN Framework Convention on International Tax Cooperation was adopted. Based on this TOR, governments are to proceed in negotiating the new UN Tax Convention.

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