In a move to promote a more equitable global taxation system, Nigeria called upon Member States to endorse a proposed resolution on a Tax Convention. The statement was released by the Permanent Mission of Nigeria to the United Nations in New York, emphasising the need for continued support for a comprehensive UN Tax Convention.
During the 77th session of the United Nations General Assembly (UNGA), Nigeria presented a groundbreaking resolution titled “Promotion of Inclusive and Effective International Tax Cooperation at the United Nations.” This resolution laid the groundwork for a new system of international tax cooperation designed to be universal in scope and approach. Member states agreed for the first time to establish a convention on tax cooperation and to hold annual discussions on global tax issues and progress.
Initially submitted by Nigeria on behalf of the 54-member African Group of States, the motion was adopted by consensus after some discussions on a failed amendment.
The statement from the Mission highlighted the importance of the proposed UN Tax Convention in addressing issues such as tax evasion, and illicit financial flows, and achieving a fairer taxation system both nationally and internationally. It also stressed that the convention offers an inclusive and transparent pathway for substantial reform, crucial for fulfilling UN commitments related to the Sustainable Development Goals (SDGs).
The mission called for immediate collective action, underscoring the urgency of addressing this critical issue. Nigeria’s Permanent Representative to the UN, Amb. Tijjani Muhammad-Bande reiterated their commitment to advancing the discussion on the tax convention during the 78th session of the UN General Assembly. He emphasised that the resolution’s significance lies in the context of financing for development, particularly in combating illicit financial flows.
While acknowledging the complex negotiation process ahead, he stressed the global recognition of the importance of establishing a binding document related to taxation that serves the interests of all regions simultaneously.
The United Nations General Assembly, comprising representatives from 193 Member States, is the principal policy-making and representative body of the United Nations. It conducts sessions dedicated to discussing crucial issues of international importance.