Tax Cooperation and Combatting Illicit Capital Flows: the Commission proposes increasing the agreed global minimum tax rate from 15% to 25%, banning tax incentives for natural resource exploitation, and ensuring adequate taxation of very rich individuals, including through a minimum tax on the very wealthy. To combat illicit financial flows, the Commission proposes mandatory country-by-country reporting by MNEs, a publicly accessible global registry of beneficial ownership, and a UN protocol on illicit flows.
Draft Ministerial Declaration Of The High-Level Segment Of The 2024 Session Of The Economic And Social Council
Ministerial Declaration of the high-level segment of the 2024 Economic and Social Council (ECOSOC) and the 2024 high-level political forum on sustainable development, convened under the auspices of the Council, on the theme: “Reinforcing the 2030 Agenda for Sustainable Development and eradicating poverty in times of multiple crises: the effective delivery of sustainable, resilient and innovative solutions”