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Poor Nations Push for UN Body to Cut Company Tax Avoidance

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Developing nations and advocacy groups at a United Nations conference in Ethiopia are pushing for a new global body to tackle tax avoidance by companies, a move opposed by richer nations.

Responsibility for tax standards should be moved to the UN from the Organization for Economic Co-operation and Development, a group of 34 rich countries, according to a position paper endorsed by 142 civil-society groups. The new agency should be mandated to address issues including corporate-profit shifting, increasing transparency and tax and investment treaties, according to the paper, released in the Ethiopian capital, Addis Ababa, before the four-day conference.