Countries at the UN have voted for it to take a greater role in international tax matters, in a move that threatens the ascendancy of the OECD, the body that has led these discussions for decades.
Developing nations have been pushing for a greater UN role after growing frustrated at global tax negotiations co-ordinated by the Paris-based OECD.
In 2021, more than 130 countries agreed a landmark deal aimed at curbing corporate tax avoidance by multinationals. But developing countries have complained they will receive relatively little revenue from the reforms compared with richer nations.
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