African, Asian and Latin American states have won a vote on tax reform at the UN – it could boost revenues and help them catch stolen cash, Ahead of the annual meeting of the UN General Assembly, African states were focusing on the need to claw back the billions of dollars lost in illicit financial flows (IFFs) as their treasuries searched for revenue to fund public services and pay spiralling debt service costs. On 22 November, a coalition of 125 mostly developing countries led by Nigeria won a vote in the UN General Assembly to establish an intergovernmental authority to draw up rules on tax and combating IFFs (AC Vol 64 No 21).
UN agency helps African countries to plan development priorities – New Business Ethiopia newbusinessethiopia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newbusinessethiopia.com Daily Mail and Mail on Sunday newspapers.