Issue is back in the highlight after massive leak,but Christine Lagarde warned that a proposal by Oxfam to set up a UN global tax body faces obstaclesThe head of the International Monetary Fund (IMF) has said it is time to “reflect outside the box” on global tax but warned that a proposal by Oxfam to set up a UN global tax body faces huge obstacles.
The British-based charity first set the idea forward last year, arguing that powerful countries write the rules on tax and purchase advantage of loopholes and offshore tax havens. It suggested that an independent entity could give everyone – rich and destitute – an equal say.
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Source: theguardian.com