UN Strengthens Taxation of the Wealthy

The global initiative of the UN on taxing the wealthy has been adopted after numerous discussions. It involves developing and approving a framework for taxing the wealthiest individuals and corporations worldwide.

The organization will provide its members with support in implementing their own tax laws, offering technical and political resources for implementing taxation on the wealth of the wealthiest members of society.

Contrary to expectations, wealthy OECD member countries did not obstruct the decision, despite initial objections.

Estimates suggest that offshore zones hold more than twice the wealth currently in circulation.

Despite the fact that this decision is not mandatory, each country has the right to determine its own tax policy, allowing this process to be considered as a new vector for the development of the tax system.

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