What are the implications of Donald Trump's election victory for tax justice and the anti-corruption fight in the US and globally? We see a moment of clarity... Host Naomi Fowler talks to Alex Cobham of the Tax Justice Network based in Europe and Zorka Milin of the FACT Coalition in Washington, US.
We also have two very good pieces of news: one is the latest vote at the UN as countries vote overwhelmingly to take negotiations on the UN Tax Convention to the next step, leaving the blocker nations in a tiny minority. And the second piece of good news is that despite huge lobbying to try to stop them, Australian politicians have shown how politicians really can act in the public interest - they've just passed legislation that means all major multinationals operating in Australia will now have to publish country by country reporting data on the scale of their activities, including profits declared and tax paid in a list of jurisdictions deemed as 'high risk.' It's not only good for Australia, it's going to shed light on what multinationals are doing in some other jurisdictions, which will help them tax fairly too.
Transcript: (some is automated) https://podcasts.taxjustice.net/wp-content/uploads/2024/11/Transcript_Taxcast-November-2024.pdf
Further reading:
The world is losing half a trillion to tax abuse, largely due to 8 countries blocking UN tax reform https://taxjustice.net/press/world-losing-half-a-trillion-to-tax-abuse-largely-due-to-8-countries-blocking-un-tax-reform-annual-report-finds/
UN General Assembly votes overwhelmingly to begin historic, global tax overhaul (US and UK left isolated as only 9 countries now oppose progress) https://taxjustice.net/press/united-nations-general-assembly-votes-overwhelmingly-to-begin-historic-global-tax-overhaul/
UN recording of the historic vote https://webtv.un.org/en/asset/k1b/k1bnm64xzs and UN summary of the vote https://press.un.org/en/2024/gaef3614.doc.htm
The Tax Justice Network rolling blog on UN tax negotiations: https://taxjustice.net/2024/04/25/%f0%9f%94%b4live-un-tax-negotiations/
Australia's historic Country By Country Reporting bill passes https://taxjustice.net/press/tax-justice-network-hails-world-leading-australian-legislation-on-corporate-tax-transparency/
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