TaxWorldWeb – International Tax News

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At the UN general assembly session, Ecuador will propose the creation of a global tax regulator. The IMF estimates that tax dodging costs developing countries more than $200bn (£152bn) a year – much more than the total global aid budget. The proposed UN body would be made up of member states and be empowered to clamp down on tax-evading multinationals, shut down tax havens and expose the corrupt elite who are squirrelling their money away to avoid paying tax.