{"disclaimer":"Transcripts available through this tool are created by using automatic speech recognition and are not official records nor official documents of the United Nations. Official records and official documents are available on the Official Document System of the United Nations.","url":"https://transcripts.un.org/en/asset/k1s/k1sba0m3fg","llms":{"note":"Plain-text sibling of this page, compact for LLM context. 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to 8 August.","description":"Discussion on Commitments (cont'd)\n***\nThe United Nations General Assembly has established an Intergovernmental Negotiating Committee (INC) to draft a United Nations Framework Convention on International Tax Cooperation and two early protocols.\nThe United Nations Framework Convention on International Tax Cooperation is a proposed international legal instrument aimed at improving global tax cooperation.\nThis Member State-led process will run from 2025 to 2027, with the aim of developing a framework convention that leads to fully inclusive and more effective international tax cooperation.","categories":["Meetings & Events","General Assembly","Subsidiary organs of the General Assembly","Intergovernmental Negotiating Committee on UN Framework Convention on International Tax Cooperation"],"geographic_subject":[],"subject_topical":["TAXATION","INTERNATIONAL 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the idea is to focus on the challenges rather than proposed solutions and the solutions we look forward to at the later 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have the various questions we raised over there that we had the discussions on.","start":254.83,"end":259.79,"topics":[],"words":[{"text":"because","start":254.83,"end":255.15},{"text":"we","start":255.15,"end":255.23},{"text":"have","start":255.23,"end":255.47},{"text":"the","start":255.47,"end":255.63},{"text":"various","start":255.79,"end":256.15},{"text":"questions","start":256.15,"end":256.67},{"text":"we","start":256.67,"end":256.83},{"text":"raised","start":256.83,"end":257.19},{"text":"over","start":257.19,"end":257.39},{"text":"there","start":257.39,"end":257.79},{"text":"that","start":258.35,"end":258.55},{"text":"we","start":258.55,"end":258.63},{"text":"had","start":258.63,"end":258.79},{"text":"the","start":258.79,"end":258.87},{"text":"discussions","start":258.87,"end":259.55},{"text":"on.","start":259.55,"end":259.79}]},{"text":"And to throw those questions to each of us so that we can comment on it, very similar to what we did on Wednesday afternoon when we looked at 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we'll be very grateful that we'll put out these questions and then we attend to them.","start":287.15,"end":294.51,"topics":[],"words":[{"text":"So","start":287.15,"end":287.63},{"text":"we'll","start":287.63,"end":287.87},{"text":"be","start":287.87,"end":287.99},{"text":"very","start":287.99,"end":288.19},{"text":"grateful","start":288.19,"end":288.75},{"text":"that","start":288.75,"end":288.99},{"text":"we'll","start":289.07,"end":289.39},{"text":"put","start":289.63,"end":289.87},{"text":"out","start":289.87,"end":290.03},{"text":"these","start":290.03,"end":290.51},{"text":"questions","start":290.99,"end":291.79},{"text":"and","start":292.51,"end":292.63},{"text":"then","start":292.67,"end":292.99},{"text":"we","start":292.99,"end":293.55},{"text":"attend","start":293.95,"end":294.31},{"text":"to","start":294.31,"end":294.39},{"text":"them.","start":294.39,"end":294.51}]},{"text":"And so it covers all the other commitments in paragraph 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please go ahead.","start":767.15,"end":768.27,"topics":[],"words":[{"text":"India,","start":767.15,"end":767.55},{"text":"please","start":767.55,"end":767.79},{"text":"go","start":767.79,"end":767.91},{"text":"ahead.","start":767.91,"end":768.27}]}]}],"speaker":{"name":"Lisa","affiliation":"CHL","affiliation_full":"Chile","group":null,"function":"Vice-Chair"}},{"statement_number":8,"start":772.51,"pageUrl":"/en/asset/k1s/k1sba0m3fg?t=773","paragraphs":[{"sentences":[{"text":"Of course, probably some of the points that I mentioned today would have been stated in our written 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net worth individuals, there are three parts of this issue that we look at.","start":781.35,"end":792.55,"topics":[{"key":"hnwi-taxation","label":"Taxation of High Net Worth Individuals","description":"Delegates repeatedly discussed how to ensure the effective and fair taxation of high net worth individuals, including whether the convention should explicitly cover both evasion and broader effective taxation. 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This was discussed both as a technical problem of defining tax residence and as a broader issue of tax competition and capital flight."}],"words":[{"text":"The","start":836.79,"end":837.15},{"text":"other","start":837.15,"end":837.43},{"text":"is","start":837.43,"end":837.59},{"text":"sometimes","start":837.59,"end":838.31},{"text":"they","start":838.31,"end":838.71},{"text":"are","start":838.71,"end":838.95},{"text":"able","start":838.95,"end":839.35},{"text":"to","start":839.35,"end":839.47},{"text":"use","start":839.47,"end":840.35},{"text":"certain","start":840.35,"end":840.71},{"text":"definitions","start":840.71,"end":841.35},{"text":"of","start":841.35,"end":841.51},{"text":"residency,","start":841.51,"end":842.31},{"text":"whether","start":842.31,"end":842.63},{"text":"in","start":842.63,"end":842.75},{"text":"the","start":842.75,"end":842.83},{"text":"tax","start":842.83,"end":843.19},{"text":"treaties","start":843.19,"end":843.63},{"text":"or","start":843.63,"end":843.91},{"text":"in","start":844.95,"end":845.11},{"text":"such","start":845.11,"end":845.43},{"text":"documents,","start":845.59,"end":846.23},{"text":"which","start":846.67,"end":847.19},{"text":"can","start":847.83,"end":848.23},{"text":"allow","start":848.23,"end":848.55},{"text":"them","start":848.55,"end":848.79},{"text":"to","start":848.79,"end":848.95},{"text":"move","start":848.95,"end":849.51},{"text":"across","start":849.51,"end":850.07},{"text":"jurisdictions","start":850.07,"end":850.95},{"text":"sometimes","start":851.11,"end":851.75},{"text":"at","start":851.75,"end":851.99},{"text":"will.","start":851.99,"end":852.31}]},{"text":"The third is the other problem that we find is the identification of beneficial ownership.","start":853.31,"end":858.03,"topics":[{"key":"beneficial-ownership","label":"Beneficial Ownership Identification","description":"Many interventions focused on the difficulty of identifying the real beneficial owners behind companies, trusts, shell structures, and class beneficiaries. 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is a technical discussion, I'm going to take an opportunity to ask a technical question.","start":995.47,"end":1002.67,"topics":[],"words":[{"text":"Since","start":995.47,"end":995.95},{"text":"this","start":995.95,"end":996.19},{"text":"is","start":996.19,"end":996.43},{"text":"a","start":996.51,"end":996.59},{"text":"technical","start":996.99,"end":997.87},{"text":"discussion,","start":997.91,"end":998.75},{"text":"I'm","start":998.87,"end":999.07},{"text":"going","start":999.07,"end":999.23},{"text":"to","start":999.23,"end":999.31},{"text":"take","start":999.31,"end":999.55},{"text":"an","start":999.55,"end":999.67},{"text":"opportunity","start":999.67,"end":1000.35},{"text":"to","start":1000.35,"end":1000.47},{"text":"ask","start":1000.47,"end":1000.95},{"text":"a","start":1001.47,"end":1001.51},{"text":"technical","start":1001.51,"end":1002.03},{"text":"question.","start":1002.03,"end":1002.67}]},{"text":"The four issues that you raised, you started with the use of complex 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so those are some of my inputs on two of the items that have been discussed when you talk about beneficial ownership and you talk about really, really the question is tax residency, not tax competition.","start":1305.99,"end":1317.15,"topics":[{"key":"beneficial-ownership","label":"Beneficial Ownership Identification","description":"Many interventions focused on the difficulty of identifying the real beneficial owners behind companies, trusts, shell structures, and class beneficiaries. 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think that would be one the barriers.","start":1484.83,"end":1487.11,"topics":[],"words":[{"text":"I","start":1484.83,"end":1484.87},{"text":"think","start":1484.87,"end":1485.15},{"text":"that","start":1485.15,"end":1485.43},{"text":"would","start":1485.67,"end":1485.87},{"text":"be","start":1485.87,"end":1485.95},{"text":"one","start":1485.95,"end":1486.23},{"text":"the","start":1486.47,"end":1486.55},{"text":"barriers.","start":1486.55,"end":1487.11}]},{"text":"Thank you.","start":1487.11,"end":1487.43,"topics":[],"words":[{"text":"Thank","start":1487.11,"end":1487.35},{"text":"you.","start":1487.35,"end":1487.43}]}]}],"speaker":{"name":null,"affiliation":"ZMB","affiliation_full":"Zambia","group":null,"function":"Representative"}},{"statement_number":21,"start":1489.03,"pageUrl":"/en/asset/k1s/k1sba0m3fg?t=1490","paragraphs":[{"sentences":[{"text":"Thank you very much, Sambiya.","start":1489.03,"end":1491.03,"topics":[],"words":[{"text":"Thank","start":1489.03,"end":1489.27},{"text":"you","start":1489.27,"end":1489.39},{"text":"very","start":1489.39,"end":1489.59},{"text":"much,","start":1489.59,"end":1489.91},{"text":"Sambiya.","start":1489.91,"end":1491.03}]},{"text":"As a general comment, I think we've talked about high-level commitments, but sometimes in order to get to encompassing commitment, you actually need to go into a little bit more 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I thank you for your input in that sense.","start":1507.87,"end":1511.19,"topics":[],"words":[{"text":"So","start":1507.87,"end":1508.39},{"text":"I","start":1509.07,"end":1509.08},{"text":"thank","start":1509.07,"end":1509.35},{"text":"you","start":1509.35,"end":1509.47},{"text":"for","start":1509.47,"end":1509.63},{"text":"your","start":1509.63,"end":1509.87},{"text":"input","start":1509.87,"end":1510.43},{"text":"in","start":1510.43,"end":1510.59},{"text":"that","start":1510.59,"end":1510.75},{"text":"sense.","start":1510.75,"end":1511.19}]},{"text":"It's necessary to also get into details in order to be able to actually reach that high level commitment.","start":1511.19,"end":1520.39,"topics":[],"words":[{"text":"It's","start":1511.19,"end":1511.43},{"text":"necessary","start":1511.43,"end":1512.19},{"text":"to","start":1512.67,"end":1512.79},{"text":"also","start":1512.79,"end":1513.15},{"text":"get","start":1513.15,"end":1513.47},{"text":"into","start":1513.47,"end":1513.95},{"text":"details","start":1514.19,"end":1514.75},{"text":"in","start":1514.75,"end":1514.91},{"text":"order","start":1514.91,"end":1515.15},{"text":"to","start":1515.15,"end":1515.31},{"text":"be","start":1515.31,"end":1515.47},{"text":"able","start":1515.47,"end":1515.87},{"text":"to","start":1515.87,"end":1516.19},{"text":"actually","start":1518.19,"end":1518.59},{"text":"reach","start":1518.59,"end":1518.99},{"text":"that","start":1518.99,"end":1519.27},{"text":"high","start":1519.27,"end":1519.47},{"text":"level","start":1519.47,"end":1519.79},{"text":"commitment.","start":1519.79,"end":1520.39}]},{"text":"Okay, so I have before I will turn the microphone to the NGOs, I do have Brazil, so please go ahead, Brazil.","start":1522.55,"end":1532.91,"topics":[],"words":[{"text":"Okay,","start":1522.55,"end":1522.91},{"text":"so","start":1522.91,"end":1523.39},{"text":"I","start":1523.39,"end":1523.63},{"text":"have","start":1523.63,"end":1524.11},{"text":"before","start":1524.43,"end":1525.07},{"text":"I","start":1525.07,"end":1525.23},{"text":"will","start":1525.23,"end":1525.55},{"text":"turn","start":1525.55,"end":1526.11},{"text":"the","start":1526.19,"end":1526.43},{"text":"microphone","start":1528.03,"end":1528.75},{"text":"to","start":1528.75,"end":1528.91},{"text":"the","start":1528.91,"end":1529.03},{"text":"NGOs,","start":1529.07,"end":1529.95},{"text":"I","start":1529.95,"end":1530.03},{"text":"do","start":1530.03,"end":1530.35},{"text":"have","start":1530.35,"end":1530.75},{"text":"Brazil,","start":1530.99,"end":1531.63},{"text":"so","start":1531.63,"end":1531.87},{"text":"please","start":1531.87,"end":1532.11},{"text":"go","start":1532.11,"end":1532.23},{"text":"ahead,","start":1532.23,"end":1532.51},{"text":"Brazil.","start":1532.51,"end":1532.91}]}]}],"speaker":{"name":"Lisa","affiliation":"CHL","affiliation_full":"Chile","group":null,"function":"Vice-Chair"}},{"statement_number":22,"start":1535.39,"pageUrl":"/en/asset/k1s/k1sba0m3fg?t=1536","paragraphs":[{"sentences":[{"text":"Thank you, thank you, Chair.","start":1535.39,"end":1536.83,"topics":[],"words":[{"text":"Thank","start":1535.39,"end":1535.67},{"text":"you,","start":1535.67,"end":1535.79},{"text":"thank","start":1536.11,"end":1536.35},{"text":"you,","start":1536.35,"end":1536.43},{"text":"Chair.","start":1536.43,"end":1536.83}]},{"text":"Effective taxation of high net worth individual is a critical tool for addressing wealth inequality.","start":1538.55,"end":1546.47,"topics":[{"key":"hnwi-taxation","label":"Taxation of High Net Worth Individuals","description":"Delegates repeatedly discussed how to ensure the effective and fair taxation of high net worth individuals, including whether the convention should explicitly cover both evasion and broader effective taxation. Many speakers linked this issue to progressive taxation, domestic resource mobilization, and reducing inequality."}],"words":[{"text":"Effective","start":1538.55,"end":1539.15},{"text":"taxation","start":1539.55,"end":1540.23},{"text":"of","start":1540.23,"end":1540.39},{"text":"high","start":1540.39,"end":1540.55},{"text":"net","start":1540.55,"end":1540.87},{"text":"worth","start":1540.87,"end":1541.47},{"text":"individual","start":1541.51,"end":1542.11},{"text":"is","start":1542.11,"end":1542.23},{"text":"a","start":1542.23,"end":1542.31},{"text":"critical","start":1542.31,"end":1543.03},{"text":"tool","start":1543.03,"end":1543.43},{"text":"for","start":1543.83,"end":1544.15},{"text":"addressing","start":1544.15,"end":1544.87},{"text":"wealth","start":1544.87,"end":1545.39},{"text":"inequality.","start":1545.43,"end":1546.47}]},{"text":"So in our view, we have especially two problems here.","start":1546.87,"end":1552.31,"topics":[],"words":[{"text":"So","start":1546.87,"end":1547.43},{"text":"in","start":1547.43,"end":1547.99},{"text":"our","start":1547.99,"end":1548.15},{"text":"view,","start":1548.15,"end":1548.39},{"text":"we","start":1548.39,"end":1548.47},{"text":"have","start":1548.47,"end":1548.95},{"text":"especially","start":1550.55,"end":1551.11},{"text":"two","start":1551.11,"end":1551.35},{"text":"problems","start":1551.35,"end":1551.95},{"text":"here.","start":1551.95,"end":1552.31}]},{"text":"So one important problem is the lack of information, especially the effective beneficial owner, as it was mentioned by other delegates.","start":1552.31,"end":1563.35,"topics":[{"key":"beneficial-ownership","label":"Beneficial Ownership Identification","description":"Many interventions focused on the difficulty of identifying the real beneficial owners behind companies, trusts, shell structures, and class beneficiaries. 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This was discussed both as a technical problem of defining tax residence and as a broader issue of tax competition and capital flight."}],"words":[{"text":"The","start":1564.39,"end":1564.55},{"text":"problem","start":1564.55,"end":1564.91},{"text":"is","start":1564.91,"end":1565.03},{"text":"compounded","start":1565.03,"end":1565.87},{"text":"by","start":1565.87,"end":1566.07},{"text":"the","start":1566.07,"end":1566.19},{"text":"global","start":1566.19,"end":1566.63},{"text":"nature","start":1566.63,"end":1567.27},{"text":"of","start":1567.27,"end":1567.51},{"text":"modern","start":1567.51,"end":1568.07},{"text":"wealth.","start":1568.07,"end":1568.55}]},{"text":"HNWI often hold assets in multiple countries, utilizing a web of international trust, shell companies, and offshore accounts to obscure their holdings.","start":1569.51,"end":1582.87,"topics":[{"key":"beneficial-ownership","label":"Beneficial Ownership Identification","description":"Many interventions focused on the difficulty of identifying the real beneficial owners behind companies, trusts, shell structures, and class beneficiaries. 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This was discussed both as a technical problem of defining tax residence and as a broader issue of tax competition and capital flight."}],"words":[{"text":"without","start":1619.19,"end":1619.67},{"text":"risking","start":1619.67,"end":1620.15},{"text":"capital","start":1620.15,"end":1620.67},{"text":"flight.","start":1620.67,"end":1621.19}]},{"text":"So the lack of harmonizing international approach allow high net worth individual to exploit this difference, undermining the tax base of the countries they leave behind and creating a race to the bottom in tax policy.","start":1621.75,"end":1637.83,"topics":[{"key":"tax-residency-competition","label":"Tax Residency and Tax Competition","description":"Several speakers emphasized that differences in tax residency rules and national tax systems allow wealthy individuals to shift residence or assets across jurisdictions. 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Many speakers linked this issue to progressive taxation, domestic resource mobilization, and reducing inequality."}],"words":[{"text":"that","start":1674.95,"end":1675.03},{"text":"is","start":1675.03,"end":1675.11},{"text":"very","start":1675.11,"end":1675.31},{"text":"important","start":1675.31,"end":1675.95},{"text":"to","start":1675.95,"end":1676.07},{"text":"contribute","start":1676.07,"end":1677.07},{"text":"to","start":1677.35,"end":1677.43},{"text":"reduce","start":1678.31,"end":1678.87},{"text":"inequalities","start":1678.87,"end":1679.99},{"text":"to","start":1680.47,"end":1680.59},{"text":"the","start":1680.59,"end":1680.67},{"text":"extent","start":1680.67,"end":1681.07},{"text":"that","start":1681.07,"end":1681.27},{"text":"you","start":1681.27,"end":1681.51},{"text":"would","start":1681.51,"end":1681.67},{"text":"like","start":1681.67,"end":1681.91},{"text":"to","start":1681.91,"end":1682.03},{"text":"use","start":1682.03,"end":1682.27},{"text":"your","start":1682.27,"end":1682.39},{"text":"tax","start":1682.39,"end":1682.67},{"text":"system","start":1682.67,"end":1683.03},{"text":"to","start":1683.03,"end":1683.51},{"text":"do","start":1683.51,"end":1683.75},{"text":"that.","start":1683.75,"end":1684.07}]},{"text":"But of course, the design of any tax system is for the domestic preference.","start":1685.59,"end":1693.19,"topics":[],"words":[{"text":"But","start":1685.59,"end":1685.99},{"text":"of","start":1686.11,"end":1686.23},{"text":"course,","start":1686.23,"end":1686.71},{"text":"the","start":1686.71,"end":1686.79},{"text":"design","start":1686.79,"end":1687.31},{"text":"of","start":1687.31,"end":1687.43},{"text":"any","start":1687.43,"end":1687.59},{"text":"tax","start":1687.59,"end":1687.87},{"text":"system","start":1687.87,"end":1688.31},{"text":"is","start":1688.31,"end":1688.71},{"text":"for","start":1690.07,"end":1690.55},{"text":"the","start":1691.83,"end":1691.95},{"text":"domestic","start":1691.95,"end":1692.39},{"text":"preference.","start":1692.39,"end":1693.19}]},{"text":"We have earlier also shared the view or the idea that you yourself mentioned that a sharing of best practices and experiences in this field might be very useful.","start":1694.39,"end":1708.11,"topics":[],"words":[{"text":"We","start":1694.39,"end":1694.63},{"text":"have","start":1694.63,"end":1694.95},{"text":"earlier","start":1695.59,"end":1696.07},{"text":"also","start":1696.07,"end":1696.79},{"text":"shared","start":1698.35,"end":1698.83},{"text":"the","start":1699.07,"end":1699.27},{"text":"view","start":1699.27,"end":1699.55},{"text":"or","start":1699.55,"end":1699.71},{"text":"the","start":1699.71,"end":1699.83},{"text":"idea","start":1699.83,"end":1700.19},{"text":"that","start":1700.19,"end":1700.35},{"text":"you","start":1700.35,"end":1700.59},{"text":"yourself","start":1700.59,"end":1701.15},{"text":"mentioned","start":1701.15,"end":1701.67},{"text":"that","start":1701.67,"end":1701.95},{"text":"a","start":1702.59,"end":1702.67},{"text":"sharing","start":1702.67,"end":1703.15},{"text":"of","start":1703.15,"end":1703.31},{"text":"best","start":1703.31,"end":1703.55},{"text":"practices","start":1703.55,"end":1704.23},{"text":"and","start":1704.23,"end":1704.43},{"text":"experiences","start":1704.43,"end":1705.31},{"text":"in","start":1705.31,"end":1705.47},{"text":"this","start":1705.47,"end":1705.95},{"text":"field","start":1706.27,"end":1706.67},{"text":"might","start":1706.67,"end":1706.99},{"text":"be","start":1706.99,"end":1707.23},{"text":"very","start":1707.23,"end":1707.47},{"text":"useful.","start":1707.47,"end":1708.11}]},{"text":"We would also, from our perspective, access to information is key here.","start":1709.71,"end":1716.59,"topics":[{"key":"tax-transparency","label":"Tax Transparency and Exchange of Information","description":"A major recurring theme was that stronger exchange of information and broader tax transparency are essential for identifying offshore income, assets, and cross-border tax abuse. Speakers stressed that no country can effectively tax wealthy individuals with international holdings without robust information-sharing mechanisms."}],"words":[{"text":"We","start":1709.71,"end":1709.83},{"text":"would","start":1709.83,"end":1709.95},{"text":"also,","start":1709.95,"end":1710.43},{"text":"from","start":1711.47,"end":1711.71},{"text":"our","start":1711.71,"end":1711.87},{"text":"perspective,","start":1711.87,"end":1712.75},{"text":"access","start":1712.99,"end":1713.63},{"text":"to","start":1713.63,"end":1713.75},{"text":"information","start":1713.75,"end":1714.67},{"text":"is","start":1715.31,"end":1715.55},{"text":"key","start":1715.55,"end":1715.95},{"text":"here.","start":1716.03,"end":1716.59}]},{"text":"To that extent, we share the views expressed by our Indian colleague.","start":1718.35,"end":1724.43,"topics":[],"words":[{"text":"To","start":1718.35,"end":1718.47},{"text":"that","start":1718.47,"end":1718.63},{"text":"extent,","start":1718.63,"end":1718.99},{"text":"we","start":1718.99,"end":1719.07},{"text":"share","start":1719.07,"end":1719.39},{"text":"the","start":1719.39,"end":1719.55},{"text":"views","start":1721.39,"end":1721.79},{"text":"expressed","start":1721.79,"end":1722.19},{"text":"by","start":1722.19,"end":1722.43},{"text":"our","start":1722.99,"end":1723.23},{"text":"Indian","start":1723.23,"end":1723.87},{"text":"colleague.","start":1723.87,"end":1724.43}]},{"text":"There are, of course, many efforts ongoing to improve access to information also in the areas that are relevant to ensure the taxation of high net worth individuals.","start":1727.59,"end":1743.27,"topics":[{"key":"tax-transparency","label":"Tax Transparency and Exchange of Information","description":"A major recurring theme was that stronger exchange of information and broader tax transparency are essential for identifying offshore income, assets, and cross-border tax abuse. 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as a tax administration, it's not possible to be efficient and levy a fair tax on these individuals.","start":2022.55,"end":2031.47,"topics":[{"key":"hnwi-taxation","label":"Taxation of High Net Worth Individuals","description":"Delegates repeatedly discussed how to ensure the effective and fair taxation of high net worth individuals, including whether the convention should explicitly cover both evasion and broader effective taxation. 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high net worth individuals, we would like to raise three related challenges.","start":2114.15,"end":2118.07,"topics":[{"key":"hnwi-taxation","label":"Taxation of High Net Worth Individuals","description":"Delegates repeatedly discussed how to ensure the effective and fair taxation of high net worth individuals, including whether the convention should explicitly cover both evasion and broader effective taxation. 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would also like to recall that the issues note, paragraph 18, invites the committee to consider whether there are additional aspects of international tax cooperation that contribute to sustainable development, which should be addressed in further paragraphs of the framework convention.","start":2332.11,"end":2346.07,"topics":[],"words":[{"text":"We","start":2332.11,"end":2332.19},{"text":"would","start":2332.19,"end":2332.43},{"text":"also","start":2332.43,"end":2332.67},{"text":"like","start":2332.67,"end":2332.87},{"text":"to","start":2332.87,"end":2332.99},{"text":"recall","start":2332.99,"end":2333.39},{"text":"that","start":2333.39,"end":2333.59},{"text":"the","start":2333.59,"end":2333.67},{"text":"issues","start":2333.67,"end":2334.11},{"text":"note,","start":2334.11,"end":2334.35},{"text":"paragraph","start":2334.35,"end":2334.91},{"text":"18,","start":2334.91,"end":2335.47},{"text":"invites","start":2335.55,"end":2335.95},{"text":"the","start":2335.95,"end":2336.03},{"text":"committee","start":2336.03,"end":2336.43},{"text":"to","start":2336.43,"end":2336.55},{"text":"consider","start":2336.55,"end":2337.03},{"text":"whether","start":2337.03,"end":2337.31},{"text":"there","start":2337.31,"end":2337.51},{"text":"are","start":2337.51,"end":2337.71},{"text":"additional","start":2337.71,"end":2338.19},{"text":"aspects","start":2338.19,"end":2338.75},{"text":"of","start":2339.07,"end":2339.19},{"text":"international","start":2339.19,"end":2339.75},{"text":"tax","start":2339.75,"end":2340.03},{"text":"cooperation","start":2340.03,"end":2340.63},{"text":"that","start":2340.63,"end":2340.83},{"text":"contribute","start":2340.83,"end":2341.39},{"text":"to","start":2341.39,"end":2341.47},{"text":"sustainable","start":2341.47,"end":2341.99},{"text":"development,","start":2341.99,"end":2342.63},{"text":"which","start":2342.83,"end":2343.07},{"text":"should","start":2343.07,"end":2343.27},{"text":"be","start":2343.27,"end":2343.39},{"text":"addressed","start":2343.39,"end":2343.79},{"text":"in","start":2343.79,"end":2343.91},{"text":"further","start":2343.91,"end":2344.19},{"text":"paragraphs","start":2344.19,"end":2344.75},{"text":"of","start":2344.75,"end":2344.87},{"text":"the","start":2344.87,"end":2344.95},{"text":"framework","start":2344.95,"end":2345.39},{"text":"convention.","start":2345.39,"end":2346.07}]},{"text":"We recommend that the commitment on high net worth individuals be further elaborated to include a clear mandate for the effective and progressive taxation of high net worth individuals, not only in relevant jurisdictions, but also through a coordinated global effort, including specific global mechanisms to unlock wealth transparency and combat illicit financial flows.","start":2347.03,"end":2364.55,"topics":[{"key":"hnwi-taxation","label":"Taxation of High Net Worth Individuals","description":"Delegates repeatedly discussed how to ensure the effective and fair taxation of high net worth individuals, including whether the convention should explicitly cover both evasion and broader effective taxation. Many speakers linked this issue to progressive taxation, domestic resource mobilization, and reducing inequality."},{"key":"tax-transparency","label":"Tax Transparency and Exchange of Information","description":"A major recurring theme was that stronger exchange of information and broader tax transparency are essential for identifying offshore income, assets, and cross-border tax abuse. Speakers stressed that no country can effectively tax wealthy individuals with international holdings without robust information-sharing mechanisms."}],"words":[{"text":"We","start":2347.03,"end":2347.19},{"text":"recommend","start":2347.19,"end":2347.63},{"text":"that","start":2347.63,"end":2347.79},{"text":"the","start":2347.79,"end":2347.87},{"text":"commitment","start":2347.87,"end":2348.31},{"text":"on","start":2348.31,"end":2348.39},{"text":"high","start":2348.39,"end":2348.55},{"text":"net","start":2348.55,"end":2348.75},{"text":"worth","start":2348.75,"end":2348.95},{"text":"individuals","start":2348.95,"end":2349.51},{"text":"be","start":2349.51,"end":2349.63},{"text":"further","start":2349.63,"end":2349.99},{"text":"elaborated","start":2349.99,"end":2350.63},{"text":"to","start":2350.63,"end":2350.71},{"text":"include","start":2350.71,"end":2351.03},{"text":"a","start":2351.03,"end":2351.07},{"text":"clear","start":2351.07,"end":2351.35},{"text":"mandate","start":2351.35,"end":2351.75},{"text":"for","start":2351.75,"end":2351.91},{"text":"the","start":2351.91,"end":2352.03},{"text":"effective","start":2352.03,"end":2352.47},{"text":"and","start":2352.47,"end":2352.59},{"text":"progressive","start":2352.59,"end":2353.03},{"text":"taxation","start":2353.03,"end":2353.67},{"text":"of","start":2353.67,"end":2353.75},{"text":"high","start":2353.75,"end":2353.91},{"text":"net","start":2353.91,"end":2354.07},{"text":"worth","start":2354.07,"end":2354.23},{"text":"individuals,","start":2354.23,"end":2354.87},{"text":"not","start":2355.11,"end":2355.43},{"text":"only","start":2355.43,"end":2355.63},{"text":"in","start":2355.63,"end":2355.75},{"text":"relevant","start":2355.75,"end":2356.19},{"text":"jurisdictions,","start":2356.19,"end":2356.87},{"text":"but","start":2356.87,"end":2357.03},{"text":"also","start":2357.03,"end":2357.35},{"text":"through","start":2357.35,"end":2357.55},{"text":"a","start":2357.55,"end":2357.59},{"text":"coordinated","start":2357.59,"end":2358.15},{"text":"global","start":2358.15,"end":2358.47},{"text":"effort,","start":2358.47,"end":2358.95},{"text":"including","start":2359.19,"end":2359.67},{"text":"specific","start":2359.67,"end":2360.23},{"text":"global","start":2360.23,"end":2360.55},{"text":"mechanisms","start":2360.55,"end":2361.11},{"text":"to","start":2361.11,"end":2361.31},{"text":"unlock","start":2361.31,"end":2361.75},{"text":"wealth","start":2361.75,"end":2361.95},{"text":"transparency","start":2361.95,"end":2362.63},{"text":"and","start":2362.63,"end":2362.83},{"text":"combat","start":2362.83,"end":2363.27},{"text":"illicit","start":2363.27,"end":2363.67},{"text":"financial","start":2363.67,"end":2364.07},{"text":"flows.","start":2364.07,"end":2364.55}]},{"text":"Such a mandate should reflect the principles of equity and transparency and is especially necessary in the case of individuals with cross-border income and wealth.","start":2365.11,"end":2373.15,"topics":[{"key":"tax-transparency","label":"Tax Transparency and Exchange of Information","description":"A major recurring theme was that stronger exchange of information and broader tax transparency are essential for identifying offshore income, assets, and cross-border tax abuse. Speakers stressed that no country can effectively tax wealthy individuals with international holdings without robust information-sharing mechanisms."}],"words":[{"text":"Such","start":2365.11,"end":2365.31},{"text":"a","start":2365.31,"end":2365.35},{"text":"mandate","start":2365.35,"end":2365.87},{"text":"should","start":2365.87,"end":2366.03},{"text":"reflect","start":2366.03,"end":2366.39},{"text":"the","start":2366.39,"end":2366.47},{"text":"principles","start":2366.47,"end":2367.03},{"text":"of","start":2367.03,"end":2367.15},{"text":"equity","start":2367.15,"end":2367.59},{"text":"and","start":2367.59,"end":2367.71},{"text":"transparency","start":2367.71,"end":2368.59},{"text":"and","start":2368.75,"end":2368.95},{"text":"is","start":2368.95,"end":2369.07},{"text":"especially","start":2369.07,"end":2369.55},{"text":"necessary","start":2369.55,"end":2370.15},{"text":"in","start":2370.15,"end":2370.27},{"text":"the","start":2370.27,"end":2370.35},{"text":"case","start":2370.35,"end":2370.63},{"text":"of","start":2370.63,"end":2370.75},{"text":"individuals","start":2370.75,"end":2371.39},{"text":"with","start":2371.39,"end":2371.55},{"text":"cross-border","start":2371.55,"end":2372.19},{"text":"income","start":2372.19,"end":2372.59},{"text":"and","start":2372.59,"end":2372.75},{"text":"wealth.","start":2372.75,"end":2373.15}]},{"text":"As reflected in the F54 outcome document, progressive taxation of high net worth individuals is vital to tackling inequalities and mobilizing resources for sustainable development.","start":2374.19,"end":2383.55,"topics":[{"key":"hnwi-taxation","label":"Taxation of High Net Worth Individuals","description":"Delegates repeatedly discussed how to ensure the effective and fair taxation of high net worth individuals, including whether the convention should explicitly cover both evasion and broader effective taxation. Many speakers linked this issue to progressive taxation, domestic resource mobilization, and reducing inequality."}],"words":[{"text":"As","start":2374.19,"end":2374.43},{"text":"reflected","start":2374.43,"end":2374.87},{"text":"in","start":2374.87,"end":2374.99},{"text":"the","start":2374.99,"end":2375.11},{"text":"F54","start":2375.11,"end":2375.71},{"text":"outcome","start":2375.71,"end":2375.99},{"text":"document,","start":2375.99,"end":2376.51},{"text":"progressive","start":2376.51,"end":2377.03},{"text":"taxation","start":2377.03,"end":2377.55},{"text":"of","start":2377.55,"end":2377.63},{"text":"high","start":2377.63,"end":2377.71},{"text":"net","start":2377.71,"end":2377.91},{"text":"worth","start":2377.91,"end":2378.11},{"text":"individuals","start":2378.11,"end":2378.67},{"text":"is","start":2378.67,"end":2378.83},{"text":"vital","start":2378.83,"end":2379.23},{"text":"to","start":2379.23,"end":2379.43},{"text":"tackling","start":2379.43,"end":2379.87},{"text":"inequalities","start":2379.87,"end":2380.75},{"text":"and","start":2380.95,"end":2381.07},{"text":"mobilizing","start":2381.07,"end":2381.63},{"text":"resources","start":2381.63,"end":2382.19},{"text":"for","start":2382.19,"end":2382.35},{"text":"sustainable","start":2382.35,"end":2382.91},{"text":"development.","start":2382.91,"end":2383.55}]},{"text":"We recommend that the commitment related to the taxation of high net worth individuals include language on the reduction of disparities within and between countries and the contribution it can make to both social and environmental priorities, including addressing ecological debt.","start":2384.07,"end":2398.47,"topics":[{"key":"hnwi-taxation","label":"Taxation of High Net Worth Individuals","description":"Delegates repeatedly discussed how to ensure the effective and fair taxation of high net worth individuals, including whether the convention should explicitly cover both evasion and broader effective taxation. Many speakers linked this issue to progressive taxation, domestic resource mobilization, and reducing inequality."}],"words":[{"text":"We","start":2384.07,"end":2384.15},{"text":"recommend","start":2384.15,"end":2384.55},{"text":"that","start":2384.55,"end":2384.71},{"text":"the","start":2384.71,"end":2384.79},{"text":"commitment","start":2384.79,"end":2385.23},{"text":"related","start":2385.23,"end":2385.59},{"text":"to","start":2385.59,"end":2385.75},{"text":"the","start":2385.75,"end":2385.87},{"text":"taxation","start":2385.87,"end":2386.47},{"text":"of","start":2386.47,"end":2386.55},{"text":"high","start":2386.55,"end":2386.71},{"text":"net","start":2386.71,"end":2386.87},{"text":"worth","start":2386.87,"end":2387.03},{"text":"individuals","start":2387.03,"end":2387.59},{"text":"include","start":2387.59,"end":2387.91},{"text":"language","start":2387.91,"end":2388.39},{"text":"on","start":2388.39,"end":2388.63},{"text":"the","start":2388.87,"end":2388.99},{"text":"reduction","start":2388.99,"end":2389.47},{"text":"of","start":2389.47,"end":2389.59},{"text":"disparities","start":2389.59,"end":2390.23},{"text":"within","start":2390.23,"end":2390.63},{"text":"and","start":2390.63,"end":2390.83},{"text":"between","start":2390.83,"end":2391.19},{"text":"countries","start":2391.19,"end":2391.83},{"text":"and","start":2391.99,"end":2392.47},{"text":"the","start":2392.47,"end":2392.55},{"text":"contribution","start":2392.55,"end":2393.27},{"text":"it","start":2393.27,"end":2393.35},{"text":"can","start":2393.35,"end":2393.51},{"text":"make","start":2393.51,"end":2393.67},{"text":"to","start":2393.67,"end":2393.83},{"text":"both","start":2393.83,"end":2394.03},{"text":"social","start":2394.03,"end":2394.47},{"text":"and","start":2394.47,"end":2394.63},{"text":"environmental","start":2394.63,"end":2395.15},{"text":"priorities,","start":2395.15,"end":2395.83},{"text":"including","start":2396.07,"end":2396.71},{"text":"addressing","start":2396.79,"end":2397.35},{"text":"ecological","start":2397.35,"end":2398.07},{"text":"debt.","start":2398.07,"end":2398.47}]},{"text":"Achieving a fairer allocation of taxing rights between countries is another foundational piece of the puzzle to deliver effective global mechanisms concerning the taxation of high net worth individuals.","start":2399.27,"end":2408.79,"topics":[{"key":"tax-residency-competition","label":"Tax Residency and Tax Competition","description":"Several speakers emphasized that differences in tax residency rules and national tax systems allow wealthy individuals to shift residence or assets across jurisdictions. This was discussed both as a technical problem of defining tax residence and as a broader issue of tax competition and capital flight."},{"key":"hnwi-taxation","label":"Taxation of High Net Worth Individuals","description":"Delegates repeatedly discussed how to ensure the effective and fair taxation of high net worth individuals, including whether the convention should explicitly cover both evasion and broader effective taxation. Many speakers linked this issue to progressive taxation, domestic resource mobilization, and reducing inequality."}],"words":[{"text":"Achieving","start":2399.27,"end":2399.75},{"text":"a","start":2399.75,"end":2399.79},{"text":"fairer","start":2399.79,"end":2400.11},{"text":"allocation","start":2400.11,"end":2400.63},{"text":"of","start":2400.63,"end":2400.71},{"text":"taxing","start":2400.71,"end":2401.11},{"text":"rights","start":2401.11,"end":2401.35},{"text":"between","start":2401.35,"end":2401.67},{"text":"countries","start":2401.67,"end":2402.15},{"text":"is","start":2402.15,"end":2402.27},{"text":"another","start":2402.27,"end":2402.63},{"text":"foundational","start":2402.63,"end":2403.19},{"text":"piece","start":2403.19,"end":2403.47},{"text":"of","start":2403.47,"end":2403.59},{"text":"the","start":2403.59,"end":2403.67},{"text":"puzzle","start":2403.67,"end":2404.07},{"text":"to","start":2404.31,"end":2404.39},{"text":"deliver","start":2404.39,"end":2404.87},{"text":"effective","start":2404.87,"end":2405.35},{"text":"global","start":2405.35,"end":2405.63},{"text":"mechanisms","start":2405.63,"end":2406.31},{"text":"concerning","start":2406.31,"end":2406.83},{"text":"the","start":2406.83,"end":2406.95},{"text":"taxation","start":2406.95,"end":2407.51},{"text":"of","start":2407.51,"end":2407.59},{"text":"high","start":2407.59,"end":2407.75},{"text":"net","start":2407.75,"end":2407.91},{"text":"worth","start":2407.91,"end":2408.11},{"text":"individuals.","start":2408.11,"end":2408.79}]},{"text":"Finally, as outlined in the convention's term of reference under paragraph 13, we encourage the committee to begin discussing the relationship of this commitment and associated mechanisms to other international agreements.","start":2409.51,"end":2420.47,"topics":[],"words":[{"text":"Finally,","start":2409.51,"end":2409.99},{"text":"as","start":2409.99,"end":2410.31},{"text":"outlined","start":2410.31,"end":2410.67},{"text":"in","start":2410.67,"end":2410.79},{"text":"the","start":2410.79,"end":2410.87},{"text":"convention's","start":2410.87,"end":2411.47},{"text":"term","start":2411.47,"end":2411.67},{"text":"of","start":2411.67,"end":2411.75},{"text":"reference","start":2411.75,"end":2412.23},{"text":"under","start":2412.23,"end":2412.47},{"text":"paragraph","start":2412.47,"end":2412.95},{"text":"13,","start":2412.95,"end":2413.51},{"text":"we","start":2413.75,"end":2413.87},{"text":"encourage","start":2413.87,"end":2414.27},{"text":"the","start":2414.27,"end":2414.39},{"text":"committee","start":2414.39,"end":2414.79},{"text":"to","start":2414.79,"end":2414.91},{"text":"begin","start":2414.91,"end":2415.19},{"text":"discussing","start":2415.19,"end":2415.75},{"text":"the","start":2415.75,"end":2415.83},{"text":"relationship","start":2415.83,"end":2416.47},{"text":"of","start":2416.47,"end":2416.63},{"text":"this","start":2416.63,"end":2416.87},{"text":"commitment","start":2416.87,"end":2417.39},{"text":"and","start":2417.39,"end":2417.55},{"text":"associated","start":2417.55,"end":2418.15},{"text":"mechanisms","start":2418.15,"end":2418.79},{"text":"to","start":2418.79,"end":2418.95},{"text":"other","start":2418.95,"end":2419.23},{"text":"international","start":2419.23,"end":2419.91},{"text":"agreements.","start":2419.91,"end":2420.47}]},{"text":"In this context, we also support the option of channeling revenues from high net worth individual taxation into existing UN multilateral funds for climate action and sustainable development.","start":2420.79,"end":2431.11,"topics":[{"key":"hnwi-taxation","label":"Taxation of High Net Worth Individuals","description":"Delegates repeatedly discussed how to ensure the effective and fair taxation of high net worth individuals, including whether the convention should explicitly cover both evasion and broader effective taxation. Many speakers linked this issue to progressive taxation, domestic resource mobilization, and reducing inequality."}],"words":[{"text":"In","start":2420.79,"end":2420.95},{"text":"this","start":2420.95,"end":2421.11},{"text":"context,","start":2421.11,"end":2421.67},{"text":"we","start":2421.67,"end":2421.83},{"text":"also","start":2421.83,"end":2422.15},{"text":"support","start":2422.15,"end":2422.55},{"text":"the","start":2422.55,"end":2422.67},{"text":"option","start":2422.67,"end":2423.03},{"text":"of","start":2423.03,"end":2423.11},{"text":"channeling","start":2423.11,"end":2423.67},{"text":"revenues","start":2423.67,"end":2424.15},{"text":"from","start":2424.15,"end":2424.31},{"text":"high","start":2424.31,"end":2424.47},{"text":"net","start":2424.47,"end":2424.71},{"text":"worth","start":2424.71,"end":2424.91},{"text":"individual","start":2424.91,"end":2425.43},{"text":"taxation","start":2425.43,"end":2426.15},{"text":"into","start":2426.39,"end":2426.71},{"text":"existing","start":2426.71,"end":2427.35},{"text":"UN","start":2427.35,"end":2427.67},{"text":"multilateral","start":2427.67,"end":2428.39},{"text":"funds","start":2428.39,"end":2428.79},{"text":"for","start":2428.79,"end":2428.95},{"text":"climate","start":2428.95,"end":2429.35},{"text":"action","start":2429.35,"end":2429.83},{"text":"and","start":2429.83,"end":2430.07},{"text":"sustainable","start":2430.07,"end":2430.55},{"text":"development.","start":2430.55,"end":2431.11}]},{"text":"Thank you, Chair.","start":2431.43,"end":2432.07,"topics":[],"words":[{"text":"Thank","start":2431.43,"end":2431.67},{"text":"you,","start":2431.67,"end":2431.75},{"text":"Chair.","start":2431.75,"end":2432.07}]}]}],"speaker":{"name":null,"affiliation":"GREENPEACE","affiliation_full":"GREENPEACE","group":null,"function":"Representative"}},{"statement_number":33,"start":2434.39,"pageUrl":"/en/asset/k1s/k1sba0m3fg?t=2435","paragraphs":[{"sentences":[{"text":"Thank you very much.","start":2434.39,"end":2435.43,"topics":[],"words":[{"text":"Thank","start":2434.39,"end":2434.63},{"text":"you","start":2434.63,"end":2434.71},{"text":"very","start":2434.71,"end":2434.95},{"text":"much.","start":2434.95,"end":2435.43}]},{"text":"In particular, I think the interaction between different commitments that you've sort of pointed out.","start":2436.67,"end":2443.79,"topics":[],"words":[{"text":"In","start":2436.67,"end":2436.79},{"text":"particular,","start":2436.79,"end":2437.87},{"text":"I","start":2437.87,"end":2437.91},{"text":"think","start":2437.91,"end":2438.39},{"text":"the","start":2439.55,"end":2439.75},{"text":"interaction","start":2439.79,"end":2440.75},{"text":"between","start":2440.75,"end":2441.15},{"text":"different","start":2441.15,"end":2441.63},{"text":"commitments","start":2441.63,"end":2442.31},{"text":"that","start":2442.31,"end":2442.51},{"text":"you've","start":2442.51,"end":2442.83},{"text":"sort","start":2442.83,"end":2443.03},{"text":"of","start":2443.03,"end":2443.15},{"text":"pointed","start":2443.15,"end":2443.55},{"text":"out.","start":2443.55,"end":2443.79}]},{"text":"This was very helpful.","start":2443.79,"end":2445.07,"topics":[],"words":[{"text":"This","start":2443.79,"end":2444.11},{"text":"was","start":2444.11,"end":2444.35},{"text":"very","start":2444.35,"end":2444.59},{"text":"helpful.","start":2444.59,"end":2445.07}]},{"text":"Thank you very much.","start":2445.07,"end":2445.95,"topics":[],"words":[{"text":"Thank","start":2445.07,"end":2445.31},{"text":"you","start":2445.31,"end":2445.39},{"text":"very","start":2445.39,"end":2445.55},{"text":"much.","start":2445.55,"end":2445.95}]},{"text":"Ataf, please go ahead.","start":2446.99,"end":2448.35,"topics":[],"words":[{"text":"Ataf,","start":2446.99,"end":2447.55},{"text":"please","start":2447.55,"end":2447.87},{"text":"go","start":2447.87,"end":2447.99},{"text":"ahead.","start":2447.99,"end":2448.35}]}]}],"speaker":{"name":"Lisa","affiliation":"CHL","affiliation_full":"Chile","group":null,"function":"Vice-Chair"}},{"statement_number":34,"start":2450.51,"pageUrl":"/en/asset/k1s/k1sba0m3fg?t=2451","paragraphs":[{"sentences":[{"text":"Thank you, Chair. Chair, Ataf have identified two broad barriers, significant barriers to taxation of high net worth individuals.","start":2450.51,"end":2459.23,"topics":[{"key":"hnwi-taxation","label":"Taxation of High Net Worth Individuals","description":"Delegates repeatedly discussed how to ensure the effective and fair taxation of high net worth individuals, including whether the convention should explicitly cover both evasion and broader effective taxation. Many speakers linked this issue to progressive taxation, domestic resource mobilization, and reducing inequality."},{"key":"political-economy","label":"Political Economy and Domestic Enforcement","description":"Delegates from multiple countries pointed to political influence, elite resistance, and lack of political will as barriers to taxing wealthy individuals. The discussion highlighted how politically exposed or economically powerful persons can weaken enforcement even where formal tax laws already exist."},{"key":"tax-administration-capacity","label":"Tax Administration Capacity","description":"A repeated topic was the limited capacity of many tax administrations to analyze complex data, investigate sophisticated structures, and enforce liabilities. Speakers called for support in areas such as data analytics, forensic auditing, inter-agency coordination, and implementation of international standards."}],"words":[{"text":"Thank","start":2450.51,"end":2450.83},{"text":"you,","start":2450.83,"end":2450.91},{"text":"Chair.","start":2450.91,"end":2451.31},{"text":"Chair,","start":2451.99,"end":2452.15},{"text":"Ataf","start":2452.35,"end":2452.83},{"text":"have","start":2452.83,"end":2452.99},{"text":"identified","start":2452.99,"end":2453.95},{"text":"two","start":2454.03,"end":2454.35},{"text":"broad","start":2454.35,"end":2454.83},{"text":"barriers,","start":2454.99,"end":2455.55},{"text":"significant","start":2455.55,"end":2456.15},{"text":"barriers","start":2456.15,"end":2456.67},{"text":"to","start":2456.67,"end":2456.83},{"text":"taxation","start":2456.87,"end":2457.43},{"text":"of","start":2457.47,"end":2457.71},{"text":"high","start":2457.79,"end":2457.95},{"text":"net","start":2457.95,"end":2458.27},{"text":"worth","start":2458.27,"end":2458.43},{"text":"individuals.","start":2458.43,"end":2459.23}]},{"text":"One set lies within the context of domestic framework.","start":2460.03,"end":2464.11,"topics":[],"words":[{"text":"One","start":2460.03,"end":2460.27},{"text":"set","start":2460.27,"end":2460.59},{"text":"lies","start":2460.59,"end":2461.03},{"text":"within","start":2461.03,"end":2461.39},{"text":"the","start":2461.39,"end":2461.51},{"text":"context","start":2461.51,"end":2462.19},{"text":"of","start":2462.27,"end":2462.59},{"text":"domestic","start":2462.83,"end":2463.55},{"text":"framework.","start":2463.55,"end":2464.11}]},{"text":"And like Nigeria and a few other countries have highlighted, that will include the political will to apply the existing laws and measures to hold these individuals, some of who are politically exposed, accountable by the laws of the land.","start":2464.99,"end":2482.43,"topics":[{"key":"political-economy","label":"Political Economy and Domestic Enforcement","description":"Delegates from multiple countries pointed to political influence, elite resistance, and lack of political will as barriers to taxing wealthy individuals. The discussion highlighted how politically exposed or economically powerful persons can weaken enforcement even where formal tax laws already exist."}],"words":[{"text":"And","start":2464.99,"end":2465.31},{"text":"like","start":2465.47,"end":2465.79},{"text":"Nigeria","start":2465.79,"end":2466.31},{"text":"and","start":2466.31,"end":2466.51},{"text":"a","start":2466.51,"end":2466.55},{"text":"few","start":2466.55,"end":2466.79},{"text":"other","start":2466.79,"end":2466.99},{"text":"countries","start":2466.99,"end":2467.47},{"text":"have","start":2467.47,"end":2467.63},{"text":"highlighted,","start":2467.63,"end":2468.55},{"text":"that","start":2468.55,"end":2468.75},{"text":"will","start":2468.75,"end":2468.91},{"text":"include","start":2468.91,"end":2469.35},{"text":"the","start":2469.35,"end":2469.47},{"text":"political","start":2469.47,"end":2470.03},{"text":"will","start":2470.03,"end":2470.43},{"text":"to","start":2470.91,"end":2471.03},{"text":"apply","start":2471.07,"end":2471.55},{"text":"the","start":2471.55,"end":2471.67},{"text":"existing","start":2471.67,"end":2472.27},{"text":"laws","start":2472.27,"end":2472.75},{"text":"and","start":2472.75,"end":2473.15},{"text":"measures","start":2474.03,"end":2474.83},{"text":"to","start":2475.23,"end":2475.47},{"text":"hold","start":2475.47,"end":2475.87},{"text":"these","start":2476.15,"end":2476.59},{"text":"individuals,","start":2476.91,"end":2477.59},{"text":"some","start":2477.59,"end":2477.87},{"text":"of","start":2477.87,"end":2478.03},{"text":"who","start":2478.03,"end":2478.19},{"text":"are","start":2478.19,"end":2478.27},{"text":"politically","start":2478.27,"end":2478.91},{"text":"exposed,","start":2478.91,"end":2479.63},{"text":"accountable","start":2479.75,"end":2480.59},{"text":"by","start":2480.99,"end":2481.15},{"text":"the","start":2481.15,"end":2481.27},{"text":"laws","start":2481.27,"end":2481.63},{"text":"of","start":2481.63,"end":2481.79},{"text":"the","start":2481.79,"end":2481.87},{"text":"land.","start":2481.87,"end":2482.43}]},{"text":"This lies within our powers as sovereigns, and any time we are ready, we could take those measures with or without multilateral or even bilateral help.","start":2483.15,"end":2493.79,"topics":[],"words":[{"text":"This","start":2483.15,"end":2483.95},{"text":"lies","start":2483.95,"end":2484.51},{"text":"within","start":2484.51,"end":2484.99},{"text":"our","start":2484.99,"end":2485.07},{"text":"powers","start":2485.07,"end":2485.55},{"text":"as","start":2485.55,"end":2485.63},{"text":"sovereigns,","start":2485.63,"end":2486.35},{"text":"and","start":2486.35,"end":2486.67},{"text":"any","start":2486.99,"end":2487.27},{"text":"time","start":2487.27,"end":2487.63},{"text":"we","start":2487.63,"end":2487.95},{"text":"are","start":2487.95,"end":2488.19},{"text":"ready,","start":2488.19,"end":2488.43},{"text":"we","start":2488.43,"end":2488.59},{"text":"could","start":2488.59,"end":2488.91},{"text":"take","start":2488.91,"end":2489.31},{"text":"those","start":2489.31,"end":2489.63},{"text":"measures","start":2489.63,"end":2490.27},{"text":"with","start":2490.59,"end":2490.87},{"text":"or","start":2490.91,"end":2491.03},{"text":"without","start":2491.03,"end":2491.47},{"text":"multilateral","start":2491.47,"end":2492.35},{"text":"or","start":2492.35,"end":2492.51},{"text":"even","start":2492.51,"end":2492.75},{"text":"bilateral","start":2492.75,"end":2493.39},{"text":"help.","start":2493.39,"end":2493.79}]},{"text":"But of more importance to us, Chair, is the aspect that have to do with transnational or individuals who have wealth and they're able to move it across different jurisdictions.","start":2494.63,"end":2507.75,"topics":[{"key":"tax-residency-competition","label":"Tax Residency and Tax Competition","description":"Several speakers emphasized that differences in tax residency rules and national tax systems allow wealthy individuals to shift residence or assets across jurisdictions. This was discussed both as a technical problem of defining tax residence and as a broader issue of tax competition and capital flight."},{"key":"tax-transparency","label":"Tax Transparency and Exchange of Information","description":"A major recurring theme was that stronger exchange of information and broader tax transparency are essential for identifying offshore income, assets, and cross-border tax abuse. Speakers stressed that no country can effectively tax wealthy individuals with international holdings without robust information-sharing mechanisms."}],"words":[{"text":"But","start":2494.63,"end":2494.79},{"text":"of","start":2494.79,"end":2494.95},{"text":"more","start":2494.95,"end":2495.15},{"text":"importance","start":2495.15,"end":2495.71},{"text":"to","start":2495.71,"end":2496.03},{"text":"us,","start":2496.03,"end":2496.15},{"text":"Chair,","start":2496.15,"end":2496.55},{"text":"is","start":2496.63,"end":2496.95},{"text":"the","start":2496.95,"end":2497.07},{"text":"aspect","start":2497.19,"end":2497.67},{"text":"that","start":2497.67,"end":2497.83},{"text":"have","start":2497.91,"end":2498.15},{"text":"to","start":2498.15,"end":2498.35},{"text":"do","start":2498.35,"end":2498.55},{"text":"with","start":2498.55,"end":2498.87},{"text":"transnational","start":2498.95,"end":2500.07},{"text":"or","start":2501.19,"end":2501.83},{"text":"individuals","start":2501.83,"end":2502.63},{"text":"who","start":2502.63,"end":2502.79},{"text":"have","start":2503.23,"end":2503.51},{"text":"wealth","start":2503.91,"end":2504.39},{"text":"and","start":2504.79,"end":2504.99},{"text":"they're","start":2504.99,"end":2505.15},{"text":"able","start":2505.15,"end":2505.35},{"text":"to","start":2505.35,"end":2505.59},{"text":"move","start":2505.59,"end":2505.83},{"text":"it","start":2505.83,"end":2505.99},{"text":"across","start":2505.99,"end":2506.43},{"text":"different","start":2506.43,"end":2506.83},{"text":"jurisdictions.","start":2506.83,"end":2507.75}]},{"text":"In this context, a major barrier is access to information and that has been highlighted by Cameroon and a few other countries.","start":2508.39,"end":2516.47,"topics":[{"key":"tax-transparency","label":"Tax Transparency and Exchange of Information","description":"A major recurring theme was that stronger exchange of information and broader tax transparency are essential for identifying offshore income, assets, and cross-border tax abuse. Speakers stressed that no country can effectively tax wealthy individuals with international holdings without robust information-sharing mechanisms."}],"words":[{"text":"In","start":2508.39,"end":2508.55},{"text":"this","start":2508.55,"end":2508.79},{"text":"context,","start":2508.79,"end":2509.55},{"text":"a","start":2509.55,"end":2509.59},{"text":"major","start":2509.59,"end":2510.03},{"text":"barrier","start":2510.03,"end":2510.55},{"text":"is","start":2510.55,"end":2510.79},{"text":"access","start":2510.79,"end":2511.27},{"text":"to","start":2511.27,"end":2511.39},{"text":"information","start":2511.39,"end":2512.23},{"text":"and","start":2512.23,"end":2512.51},{"text":"that","start":2512.51,"end":2512.75},{"text":"has","start":2512.75,"end":2512.87},{"text":"been","start":2512.87,"end":2513.03},{"text":"highlighted","start":2513.03,"end":2513.75},{"text":"by","start":2513.75,"end":2513.91},{"text":"Cameroon","start":2513.91,"end":2514.55},{"text":"and","start":2515.03,"end":2515.19},{"text":"a","start":2515.27,"end":2515.31},{"text":"few","start":2515.31,"end":2515.59},{"text":"other","start":2515.59,"end":2515.83},{"text":"countries.","start":2515.83,"end":2516.47}]},{"text":"And you look at the existing instrument like common reporting standard, it could be very helpful in holding this individual to account, but then there's barrier to entry.","start":2517.19,"end":2527.91,"topics":[{"key":"tax-transparency","label":"Tax Transparency and Exchange of Information","description":"A major recurring theme was that stronger exchange of information and broader tax transparency are essential for identifying offshore income, assets, and cross-border tax abuse. 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what Najeri said and the colleague from TAF said.","start":2612.19,"end":2618.63,"topics":[],"words":[{"text":"I","start":2612.19,"end":2612.23},{"text":"want","start":2612.23,"end":2613.27},{"text":"to","start":2613.75,"end":2614.11},{"text":"endorse","start":2614.11,"end":2614.55},{"text":"what","start":2614.55,"end":2615.11},{"text":"Najeri","start":2615.59,"end":2616.55},{"text":"said","start":2616.55,"end":2616.83},{"text":"and","start":2616.83,"end":2617.03},{"text":"the","start":2617.03,"end":2617.15},{"text":"colleague","start":2617.15,"end":2617.43},{"text":"from","start":2617.43,"end":2617.67},{"text":"TAF","start":2617.67,"end":2618.23},{"text":"said.","start":2618.23,"end":2618.63}]},{"text":"often regarding net worth individuals, they often collude with each other in Honduras, where you're finding it difficult to change the situation.","start":2619.99,"end":2629.07,"topics":[{"key":"political-economy","label":"Political Economy and Domestic 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I'm Vaishnavi, and I'm speaking on behalf of the FFD children and youth constituency from the major group for children and youth.","start":2698.03,"end":2705.35,"topics":[],"words":[{"text":"Thank","start":2698.03,"end":2698.23},{"text":"you,","start":2698.23,"end":2698.39},{"text":"Chair.","start":2698.39,"end":2698.79},{"text":"I'm","start":2699.03,"end":2699.27},{"text":"Vaishnavi,","start":2699.27,"end":2699.83},{"text":"and","start":2699.83,"end":2699.95},{"text":"I'm","start":2699.95,"end":2700.15},{"text":"speaking","start":2700.15,"end":2700.51},{"text":"on","start":2700.51,"end":2700.63},{"text":"behalf","start":2700.63,"end":2700.95},{"text":"of","start":2701.03,"end":2701.19},{"text":"the","start":2701.19,"end":2701.27},{"text":"FFD","start":2701.35,"end":2701.83},{"text":"children","start":2701.83,"end":2702.19},{"text":"and","start":2702.19,"end":2702.31},{"text":"youth","start":2702.31,"end":2702.55},{"text":"constituency","start":2702.55,"end":2703.43},{"text":"from","start":2703.43,"end":2703.67},{"text":"the","start":2703.67,"end":2703.79},{"text":"major","start":2703.79,"end":2704.03},{"text":"group","start":2704.03,"end":2704.35},{"text":"for","start":2704.35,"end":2704.47},{"text":"children","start":2704.47,"end":2704.83},{"text":"and","start":2704.83,"end":2704.95},{"text":"youth.","start":2704.95,"end":2705.35}]},{"text":"As we continue to shape a fairer global tax system, it is essential to view these commitments through the lens of sustainable development and intergenerational justice.","start":2706.15,"end":2714.95,"topics":[],"words":[{"text":"As","start":2706.15,"end":2706.39},{"text":"we","start":2706.39,"end":2706.47},{"text":"continue","start":2706.47,"end":2706.87},{"text":"to","start":2706.87,"end":2706.99},{"text":"shape","start":2706.99,"end":2707.35},{"text":"a","start":2707.35,"end":2707.39},{"text":"fairer","start":2707.39,"end":2707.99},{"text":"global","start":2708.03,"end":2708.47},{"text":"tax","start":2708.47,"end":2708.75},{"text":"system,","start":2708.75,"end":2709.19},{"text":"it","start":2709.19,"end":2709.39},{"text":"is","start":2709.39,"end":2709.59},{"text":"essential","start":2709.59,"end":2710.07},{"text":"to","start":2710.07,"end":2710.15},{"text":"view","start":2710.15,"end":2710.47},{"text":"these","start":2710.47,"end":2710.67},{"text":"commitments","start":2710.67,"end":2711.19},{"text":"through","start":2711.19,"end":2711.43},{"text":"the","start":2711.43,"end":2711.51},{"text":"lens","start":2711.51,"end":2711.75},{"text":"of","start":2711.75,"end":2711.83},{"text":"sustainable","start":2711.83,"end":2712.47},{"text":"development","start":2712.47,"end":2713.11},{"text":"and","start":2713.35,"end":2713.51},{"text":"intergenerational","start":2713.51,"end":2714.39},{"text":"justice.","start":2714.39,"end":2714.95}]},{"text":"The challenges outlined, tax evasion and avoidance by high net worth individuals, illicit financial flows, harmful tax practices, and the lack of mutual administrative assistance do not exist in isolation.","start":2715.43,"end":2727.51,"topics":[{"key":"hnwi-taxation","label":"Taxation of High Net Worth Individuals","description":"Delegates repeatedly discussed how to ensure the effective and fair taxation of high net worth individuals, including whether the convention should explicitly cover both evasion and broader effective taxation. 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society.","start":2796.75,"end":2801.39,"topics":[],"words":[{"text":"This","start":2796.75,"end":2797.03},{"text":"is","start":2797.03,"end":2797.19},{"text":"an","start":2797.19,"end":2797.27},{"text":"effective","start":2797.27,"end":2797.71},{"text":"way","start":2797.71,"end":2797.87},{"text":"to","start":2797.87,"end":2797.99},{"text":"bridge","start":2797.99,"end":2798.19},{"text":"the","start":2798.19,"end":2798.31},{"text":"gap","start":2798.31,"end":2798.55},{"text":"between","start":2798.55,"end":2798.91},{"text":"the","start":2798.91,"end":2799.03},{"text":"public","start":2799.03,"end":2799.31},{"text":"sector,","start":2799.31,"end":2799.63},{"text":"the","start":2799.63,"end":2799.75},{"text":"private","start":2799.75,"end":2800.07},{"text":"sector,","start":2800.07,"end":2800.43},{"text":"and","start":2800.43,"end":2800.59},{"text":"civil","start":2800.59,"end":2800.83},{"text":"society.","start":2800.83,"end":2801.39}]},{"text":"Every dollar lost to tax abuse is dollars stolen from classrooms, hospitals, clean water, access to food, and green infrastructure.","start":2802.19,"end":2811.15,"topics":[{"key":"hnwi-taxation","label":"Taxation of High Net Worth Individuals","description":"Delegates repeatedly discussed how to ensure the effective and fair taxation of high net worth individuals, including whether the convention should explicitly cover both evasion and broader effective taxation. 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Speakers stressed that no country can effectively tax wealthy individuals with international holdings without robust information-sharing 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address this issue to ensure the security of future generations.","start":2811.47,"end":2814.99,"topics":[],"words":[{"text":"We","start":2811.47,"end":2811.63},{"text":"must","start":2811.63,"end":2811.87},{"text":"address","start":2811.87,"end":2812.15},{"text":"this","start":2812.15,"end":2812.35},{"text":"issue","start":2812.35,"end":2812.67},{"text":"to","start":2812.67,"end":2812.79},{"text":"ensure","start":2812.79,"end":2813.23},{"text":"the","start":2813.23,"end":2813.31},{"text":"security","start":2813.31,"end":2813.87},{"text":"of","start":2813.87,"end":2813.95},{"text":"future","start":2813.95,"end":2814.31},{"text":"generations.","start":2814.31,"end":2814.99}]},{"text":"I thank 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ahead.","start":2818.99,"end":2821.23,"topics":[],"words":[{"text":"I","start":2818.99,"end":2819.23},{"text":"have","start":2819.23,"end":2819.47},{"text":"the","start":2819.47,"end":2819.59},{"text":"African","start":2819.59,"end":2820.11},{"text":"Union,","start":2820.11,"end":2820.51},{"text":"please","start":2820.51,"end":2820.83},{"text":"go","start":2820.83,"end":2820.99},{"text":"ahead.","start":2820.99,"end":2821.23}]}]}],"speaker":{"name":"Lisa","affiliation":"CHL","affiliation_full":"Chile","group":null,"function":"Vice-Chair"}},{"statement_number":40,"start":2822.99,"pageUrl":"/en/asset/k1s/k1sba0m3fg?t=2823","paragraphs":[{"sentences":[{"text":"Thank you, Madam Chair, Excellencies, and distinguished delegates.","start":2822.99,"end":2826.19,"topics":[],"words":[{"text":"Thank","start":2822.99,"end":2823.11},{"text":"you,","start":2823.11,"end":2823.19},{"text":"Madam","start":2823.19,"end":2823.47},{"text":"Chair,","start":2823.47,"end":2823.99},{"text":"Excellencies,","start":2823.99,"end":2824.75},{"text":"and","start":2824.75,"end":2824.91},{"text":"distinguished","start":2824.91,"end":2825.43},{"text":"delegates.","start":2825.43,"end":2826.19}]},{"text":"The African Union would like to align its perspective with Nigeria, Kenya, Zambia, Cameroon, ATAF, and others, and also would like to extend appreciation to the co-leads for the excellent 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high net worth individuals fairly and effectively is central to mobilizing domestic resources.","start":2844.11,"end":2851.47,"topics":[{"key":"hnwi-taxation","label":"Taxation of High Net Worth Individuals","description":"Delegates repeatedly discussed how to ensure the effective and fair taxation of high net worth individuals, including whether the convention should explicitly cover both evasion and broader effective taxation. 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Thank you, Madam Chair.","start":3042.97,"end":3046.41,"topics":[],"words":[{"text":"Thank","start":3042.97,"end":3043.33},{"text":"you.","start":3043.33,"end":3043.45},{"text":"Thank","start":3045.61,"end":3045.81},{"text":"you,","start":3045.81,"end":3045.89},{"text":"Madam","start":3045.89,"end":3046.17},{"text":"Chair.","start":3046.17,"end":3046.41}]},{"text":"I speak on behalf of the Tax Justice Network and Justicia.","start":3046.41,"end":3049.45,"topics":[],"words":[{"text":"I","start":3046.41,"end":3046.57},{"text":"speak","start":3046.57,"end":3046.85},{"text":"on","start":3046.85,"end":3046.97},{"text":"behalf","start":3046.97,"end":3047.33},{"text":"of","start":3047.33,"end":3047.45},{"text":"the","start":3047.45,"end":3047.53},{"text":"Tax","start":3047.53,"end":3047.85},{"text":"Justice","start":3047.85,"end":3048.17},{"text":"Network","start":3048.17,"end":3048.57},{"text":"and","start":3048.57,"end":3048.81},{"text":"Justicia.","start":3048.81,"end":3049.45}]},{"text":"Transparency is the beacon that exposes the shadows of tax abuse.","start":3050.17,"end":3054.65,"topics":[{"key":"tax-transparency","label":"Tax Transparency and Exchange of Information","description":"A major recurring theme was that stronger exchange of information and broader tax transparency are essential for identifying offshore income, assets, and cross-border tax abuse. 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Speakers stressed that no country can effectively tax wealthy individuals with international holdings without robust information-sharing mechanisms."}],"words":[{"text":"Transparency","start":3065.97,"end":3066.57},{"text":"is","start":3066.57,"end":3066.69},{"text":"already","start":3066.69,"end":3066.93},{"text":"in","start":3066.93,"end":3067.01},{"text":"principle","start":3067.01,"end":3067.41},{"text":"9E","start":3067.41,"end":3068.21},{"text":"in","start":3068.21,"end":3068.29},{"text":"the","start":3068.29,"end":3068.37},{"text":"terms","start":3068.37,"end":3068.61},{"text":"of","start":3068.61,"end":3068.77},{"text":"reference.","start":3068.77,"end":3069.33}]},{"text":"However, for the convention to achieve its objectives and for the other commitments in paragraph 10 of the TORs to be effective, transparency must be also an actionable standalone commitment from the outset.","start":3069.33,"end":3080.37,"topics":[{"key":"tax-transparency","label":"Tax Transparency and Exchange of Information","description":"A major recurring theme was that stronger exchange of information and broader tax transparency are essential for identifying offshore income, assets, and cross-border tax abuse. 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Speakers stressed that no country can effectively tax wealthy individuals with international holdings without robust information-sharing mechanisms."},{"key":"asset-registries","label":"Asset and Ownership Registries","description":"Some participants advocated global or public registries of assets and ownership information to strengthen wealth transparency and make cross-border taxation more effective. Others noted that building such systems would require national-level data infrastructure first and raised practical concerns about feasibility."},{"key":"beneficial-ownership","label":"Beneficial Ownership Identification","description":"Many interventions focused on the difficulty of identifying the real beneficial owners behind companies, trusts, shell structures, and class beneficiaries. Delegates highlighted beneficial ownership registries and better access to ownership data as necessary tools, while also noting technical and legal complications."}],"words":[{"text":"The","start":3081.09,"end":3081.29},{"text":"creation","start":3081.29,"end":3081.73},{"text":"of","start":3081.73,"end":3081.89},{"text":"global","start":3082.21,"end":3082.53},{"text":"public","start":3082.53,"end":3082.93},{"text":"registries","start":3082.93,"end":3083.65},{"text":"of","start":3083.73,"end":3083.89},{"text":"key","start":3083.89,"end":3084.17},{"text":"information","start":3084.17,"end":3084.85},{"text":"such","start":3084.85,"end":3085.09},{"text":"as","start":3085.09,"end":3085.25},{"text":"country","start":3085.25,"end":3085.53},{"text":"by","start":3085.53,"end":3085.65},{"text":"country","start":3085.65,"end":3086.05},{"text":"reports","start":3086.05,"end":3086.53},{"text":"and","start":3086.53,"end":3086.77},{"text":"key","start":3086.77,"end":3086.89},{"text":"information","start":3086.89,"end":3087.57},{"text":"about","start":3087.57,"end":3087.89},{"text":"ownership","start":3087.89,"end":3088.37},{"text":"of","start":3088.37,"end":3088.53},{"text":"legal","start":3088.53,"end":3088.85},{"text":"vehicles","start":3088.85,"end":3089.41},{"text":"through","start":3089.41,"end":3089.57},{"text":"a","start":3089.57,"end":3089.61},{"text":"global","start":3089.61,"end":3090.13},{"text":"registry","start":3090.13,"end":3090.77},{"text":"points","start":3091.25,"end":3091.65},{"text":"firmly","start":3091.73,"end":3092.17},{"text":"establishing","start":3092.17,"end":3092.77},{"text":"the","start":3092.77,"end":3092.85},{"text":"Compromiso","start":3092.85,"end":3093.41},{"text":"de","start":3093.41,"end":3093.49},{"text":"Sevilla,","start":3093.49,"end":3093.97},{"text":"paragraph","start":3093.97,"end":3094.61},{"text":"28,","start":3094.61,"end":3095.09},{"text":"must","start":3095.45,"end":3095.73},{"text":"be","start":3095.73,"end":3095.81},{"text":"included","start":3095.81,"end":3096.25},{"text":"as","start":3096.25,"end":3096.41},{"text":"part","start":3096.41,"end":3096.69},{"text":"of","start":3096.69,"end":3096.81},{"text":"such","start":3096.81,"end":3097.13},{"text":"a","start":3097.13,"end":3097.21},{"text":"commitment","start":3097.21,"end":3097.65},{"text":"on","start":3097.65,"end":3097.77},{"text":"transparency.","start":3097.77,"end":3098.57}]},{"text":"The framework convention is the vehicle to deliver on these actions.","start":3098.89,"end":3102.73,"topics":[],"words":[{"text":"The","start":3098.89,"end":3099.05},{"text":"framework","start":3099.05,"end":3099.41},{"text":"convention","start":3099.41,"end":3099.89},{"text":"is","start":3099.89,"end":3099.97},{"text":"the","start":3099.97,"end":3100.09},{"text":"vehicle","start":3100.09,"end":3100.49},{"text":"to","start":3100.49,"end":3100.61},{"text":"deliver","start":3100.65,"end":3101.21},{"text":"on","start":3101.45,"end":3101.69},{"text":"these","start":3101.69,"end":3102.01},{"text":"actions.","start":3102.01,"end":3102.73}]},{"text":"Principle nine, nine I on transparency demands the highest standard as a global norm, public access.","start":3103.37,"end":3109.61,"topics":[{"key":"tax-transparency","label":"Tax Transparency and Exchange of Information","description":"A major recurring theme was that stronger exchange of information and broader tax transparency are essential for identifying offshore income, assets, and cross-border tax abuse. Speakers stressed that no country can effectively tax wealthy individuals with international holdings without robust information-sharing mechanisms."}],"words":[{"text":"Principle","start":3103.37,"end":3103.77},{"text":"nine,","start":3103.77,"end":3104.17},{"text":"nine","start":3104.33,"end":3104.73},{"text":"I","start":3105.13,"end":3105.37},{"text":"on","start":3105.37,"end":3105.45},{"text":"transparency","start":3105.45,"end":3106.09},{"text":"demands","start":3106.09,"end":3106.49},{"text":"the","start":3106.49,"end":3106.61},{"text":"highest","start":3106.61,"end":3107.09},{"text":"standard","start":3107.09,"end":3107.53},{"text":"as","start":3107.53,"end":3107.69},{"text":"a","start":3107.69,"end":3107.77},{"text":"global","start":3107.77,"end":3108.09},{"text":"norm,","start":3108.09,"end":3108.49},{"text":"public","start":3108.65,"end":3109.13},{"text":"access.","start":3109.13,"end":3109.61}]},{"text":"The reasons for deviating from the public access standards should be clearly defined as an exception, as demanded by the right to access to information.","start":3110.21,"end":3117.97,"topics":[{"key":"tax-transparency","label":"Tax Transparency and Exchange of Information","description":"A major recurring theme was that stronger exchange of information and broader tax transparency are essential for identifying offshore income, assets, and cross-border tax abuse. Speakers stressed that no country can effectively tax wealthy individuals with international holdings without robust information-sharing mechanisms."}],"words":[{"text":"The","start":3110.21,"end":3110.33},{"text":"reasons","start":3110.33,"end":3110.77},{"text":"for","start":3110.77,"end":3110.93},{"text":"deviating","start":3110.93,"end":3111.41},{"text":"from","start":3111.41,"end":3111.81},{"text":"the","start":3111.81,"end":3111.93},{"text":"public","start":3111.93,"end":3112.29},{"text":"access","start":3112.29,"end":3112.61},{"text":"standards","start":3112.69,"end":3113.25},{"text":"should","start":3113.25,"end":3113.53},{"text":"be","start":3113.53,"end":3113.65},{"text":"clearly","start":3113.65,"end":3113.97},{"text":"defined","start":3113.97,"end":3114.45},{"text":"as","start":3114.45,"end":3114.61},{"text":"an","start":3114.61,"end":3114.69},{"text":"exception,","start":3114.69,"end":3115.33},{"text":"as","start":3115.73,"end":3115.89},{"text":"demanded","start":3115.89,"end":3116.29},{"text":"by","start":3116.29,"end":3116.45},{"text":"the","start":3116.45,"end":3116.57},{"text":"right","start":3116.57,"end":3116.81},{"text":"to","start":3116.81,"end":3116.93},{"text":"access","start":3116.93,"end":3117.25},{"text":"to","start":3117.25,"end":3117.33},{"text":"information.","start":3117.33,"end":3117.97}]},{"text":"Where domestic protections require safeguarding certain information, the convention must establish the obligations of states not to deny information that is critical for other states to combat cross-border tax abuses by both corporations and individuals.","start":3118.29,"end":3131.97,"topics":[{"key":"tax-transparency","label":"Tax Transparency and Exchange of Information","description":"A major recurring theme was that stronger exchange of information and broader tax transparency are essential for identifying offshore income, assets, and cross-border tax abuse. 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Speakers called for support in areas such as data analytics, forensic auditing, inter-agency coordination, and implementation of international standards."}],"words":[{"text":"Currently,","start":3156.21,"end":3156.77},{"text":"there","start":3156.77,"end":3156.97},{"text":"is","start":3156.97,"end":3157.09},{"text":"no","start":3157.09,"end":3157.25},{"text":"globally","start":3157.25,"end":3157.65},{"text":"agreed","start":3157.65,"end":3158.05},{"text":"upon","start":3158.05,"end":3158.53},{"text":"framework","start":3158.53,"end":3159.13},{"text":"designed","start":3159.13,"end":3159.53},{"text":"from","start":3159.53,"end":3159.97},{"text":"the","start":3159.97,"end":3160.21},{"text":"outset","start":3160.21,"end":3160.69},{"text":"to","start":3160.93,"end":3161.05},{"text":"prioritize","start":3161.05,"end":3161.81},{"text":"equitable","start":3161.81,"end":3162.37},{"text":"access","start":3162.37,"end":3162.69},{"text":"to","start":3162.69,"end":3162.81},{"text":"tax","start":3162.85,"end":3163.09},{"text":"information","start":3163.09,"end":3163.69},{"text":"exchange","start":3163.69,"end":3164.05},{"text":"for","start":3164.05,"end":3164.37},{"text":"all","start":3164.37,"end":3164.53},{"text":"willing","start":3164.53,"end":3164.93},{"text":"countries","start":3164.93,"end":3165.49},{"text":"tailored","start":3165.81,"end":3166.21},{"text":"to","start":3166.21,"end":3166.33},{"text":"their","start":3166.33,"end":3166.53},{"text":"specific","start":3166.53,"end":3167.25},{"text":"needs","start":3167.33,"end":3167.73},{"text":"and","start":3167.73,"end":3167.85},{"text":"capacities.","start":3167.85,"end":3168.61}]},{"text":"Existing frameworks such as the OECD's Common Reporting Standard and the Crypto Asset Reporting Framework are often structured to favor wealthier nations with advanced tax administrations.","start":3169.09,"end":3179.65,"topics":[{"key":"tax-transparency","label":"Tax Transparency and Exchange of Information","description":"A major recurring theme was that stronger exchange of information and broader tax transparency are essential for identifying offshore income, assets, and cross-border tax abuse. 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I do agree with them, but I have a different perspective.","start":3263.49,"end":3265.89,"topics":[],"words":[{"text":"I,","start":3263.49,"end":3263.69},{"text":"I","start":3263.69,"end":3263.73},{"text":"do","start":3263.81,"end":3264.05},{"text":"agree","start":3264.05,"end":3264.21},{"text":"with","start":3264.21,"end":3264.45},{"text":"them,","start":3264.45,"end":3264.61},{"text":"but","start":3264.61,"end":3264.85},{"text":"I","start":3264.93,"end":3265.01},{"text":"have","start":3265.01,"end":3265.13},{"text":"a","start":3265.13,"end":3265.17},{"text":"different","start":3265.17,"end":3265.49},{"text":"perspective.","start":3265.49,"end":3265.89}]},{"text":"I just want to add different 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very happy to have had this informal discussion to get everyone up to -- hang on -- to a little bit of what has been the discussion going on in the workstream, so that everyone has been able now to listen to that discussion, Daniel, and being up to -- informed on how the discussion is taking 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I actually had a word with our secretariat And Patricia has been so kind to give us some views on that that we could 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I'd be interested.","start":3796.77,"end":3800.13,"topics":[],"words":[{"text":"So","start":3796.77,"end":3797.25},{"text":"I'd","start":3798.01,"end":3798.21},{"text":"be","start":3799.49,"end":3799.65},{"text":"interested.","start":3799.65,"end":3800.13}]},{"text":"Maybe it's not a problem for other countries.","start":3800.13,"end":3804.85,"topics":[],"words":[{"text":"Maybe","start":3800.13,"end":3800.41},{"text":"it's","start":3800.41,"end":3800.69},{"text":"not","start":3800.69,"end":3801.09},{"text":"a","start":3802.53,"end":3802.57},{"text":"problem","start":3802.57,"end":3803.25},{"text":"for","start":3803.41,"end":3803.97},{"text":"other","start":3804.09,"end":3804.29},{"text":"countries.","start":3804.29,"end":3804.85}]},{"text":"Maybe most of them are enlightened like Chile and have that information at in an easily accessible way, but I think we need to determine 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don't have at all.","start":3847.13,"end":3848.57,"topics":[],"words":[{"text":"So","start":3847.13,"end":3847.37},{"text":"they","start":3847.37,"end":3847.45},{"text":"don't","start":3847.45,"end":3847.77},{"text":"have","start":3847.77,"end":3848.09},{"text":"at","start":3848.17,"end":3848.37},{"text":"all.","start":3848.37,"end":3848.57}]},{"text":"So even inside the country if they try to trace one of the property or one of the assets and see who is the true beneficiary of this asset, they don't have this 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are different and different policies in different countries.","start":4178.41,"end":4184.21,"topics":[],"words":[{"text":"So,","start":4178.41,"end":4178.73},{"text":"but","start":4178.73,"end":4178.89},{"text":"that","start":4178.89,"end":4179.29},{"text":"is,","start":4179.29,"end":4179.61},{"text":"you","start":4179.61,"end":4179.69},{"text":"know,","start":4179.69,"end":4179.93},{"text":"these","start":4179.93,"end":4180.65},{"text":"are","start":4180.65,"end":4180.89},{"text":"things","start":4180.89,"end":4181.29},{"text":"that","start":4181.29,"end":4181.53},{"text":"are","start":4181.53,"end":4181.69},{"text":"different","start":4181.69,"end":4182.13},{"text":"and","start":4182.17,"end":4182.37},{"text":"different","start":4182.37,"end":4182.73},{"text":"policies","start":4182.73,"end":4183.29},{"text":"in","start":4183.29,"end":4183.45},{"text":"different","start":4183.45,"end":4183.81},{"text":"countries.","start":4183.81,"end":4184.21}]},{"text":"So the point here, what we're trying to do is a sort of scoping exercise, exchanging technical issues and then try to raise that to a high level commitment if that is 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Thank you for that very helpful discussion.","start":4197.05,"end":4201.77,"topics":[],"words":[{"text":"So","start":4197.05,"end":4197.45},{"text":"Thank","start":4198.25,"end":4198.61},{"text":"you","start":4198.61,"end":4198.73},{"text":"for","start":4198.73,"end":4198.97},{"text":"that","start":4198.97,"end":4199.45},{"text":"very","start":4199.77,"end":4200.09},{"text":"helpful","start":4200.09,"end":4200.81},{"text":"discussion.","start":4200.89,"end":4201.77}]},{"text":"I think we had a very good exchange and I think we have benefited from hearing inputs that have been discussed in the workstream, but then it has become more more public with these informal discussions that we've heard 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-- and I just had a quick word with Daniel.","start":4220.49,"end":4223.93,"topics":[],"words":[{"text":"So","start":4220.49,"end":4220.81},{"text":"--","start":4220.97,"end":4221.01},{"text":"and","start":4221.05,"end":4221.33},{"text":"I","start":4221.33,"end":4221.37},{"text":"just","start":4221.37,"end":4221.61},{"text":"had","start":4221.61,"end":4221.77},{"text":"a","start":4221.77,"end":4221.85},{"text":"quick","start":4221.85,"end":4222.41},{"text":"word","start":4222.41,"end":4222.89},{"text":"with","start":4222.89,"end":4223.29},{"text":"Daniel.","start":4223.37,"end":4223.93}]},{"text":"There is other commitments if we have time.","start":4223.93,"end":4226.73,"topics":[],"words":[{"text":"There","start":4223.93,"end":4224.25},{"text":"is","start":4224.25,"end":4224.73},{"text":"other","start":4224.73,"end":4225.13},{"text":"commitments","start":4225.13,"end":4225.77},{"text":"if","start":4225.77,"end":4225.89},{"text":"we","start":4225.89,"end":4226.01},{"text":"have","start":4226.01,"end":4226.25},{"text":"time.","start":4226.25,"end":4226.73}]},{"text":"We have 20 minutes left.","start":4226.81,"end":4229.77,"topics":[],"words":[{"text":"We","start":4226.81,"end":4226.97},{"text":"have","start":4226.97,"end":4227.45},{"text":"20","start":4228.57,"end":4229.05},{"text":"minutes","start":4229.05,"end":4229.45},{"text":"left.","start":4229.45,"end":4229.77}]},{"text":"So please, Daniel, if you would like to present next issues to be 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Speakers stressed that no country can effectively tax wealthy individuals with international holdings without robust information-sharing mechanisms."},{"key":"assistance-in-collection","label":"Mutual Administrative Assistance in Collection","description":"The later part of the discussion focused on assistance in collection of tax claims across borders as a key element of mutual administrative assistance. Speakers raised issues such as treaty reservations, domestic legal authority, implementation costs, operational arrangements, and the need for greater international willingness to cooperate."}],"words":[{"text":"So","start":4257.81,"end":4258.29},{"text":"we","start":4258.29,"end":4258.77},{"text":"started","start":4258.77,"end":4259.25},{"text":"looking","start":4259.25,"end":4259.49},{"text":"at","start":4259.49,"end":4259.65},{"text":"effective","start":4259.65,"end":4260.13},{"text":"mutual","start":4260.13,"end":4260.69},{"text":"administrative","start":4260.77,"end":4261.37},{"text":"assistance","start":4262.69,"end":4263.49},{"text":"on","start":4264.21,"end":4264.37},{"text":"Wednesday","start":4264.37,"end":4264.73},{"text":"when","start":4264.73,"end":4264.89},{"text":"we","start":4264.89,"end":4264.97},{"text":"looked","start":4264.97,"end":4265.17},{"text":"at","start":4265.17,"end":4265.33},{"text":"exchange","start":4265.33,"end":4265.69},{"text":"of","start":4265.69,"end":4265.77},{"text":"information.","start":4265.77,"end":4266.45}]},{"text":"There's another leg of it which we would like some feedback on, and it relates to assistance in collection.","start":4267.33,"end":4278.09,"topics":[{"key":"assistance-in-collection","label":"Mutual Administrative Assistance in Collection","description":"The later part of the discussion focused on assistance in collection of tax claims across borders as a key element of mutual administrative assistance. 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Speakers raised issues such as treaty reservations, domestic legal authority, implementation costs, operational arrangements, and the need for greater international willingness to cooperate."}],"words":[{"text":"Since","start":4302.81,"end":4303.09},{"text":"the","start":4303.09,"end":4303.17},{"text":"convention","start":4303.17,"end":4303.61},{"text":"mentioned","start":4303.61,"end":4304.17},{"text":"mainly","start":4304.17,"end":4304.73},{"text":"transparency,","start":4306.61,"end":4307.17},{"text":"exchange","start":4307.17,"end":4307.45},{"text":"of","start":4307.45,"end":4307.53},{"text":"information,","start":4307.53,"end":4308.09},{"text":"and","start":4308.09,"end":4308.29},{"text":"then","start":4308.29,"end":4308.57},{"text":"the","start":4308.57,"end":4308.69},{"text":"collection.","start":4309.69,"end":4310.21}]},{"text":"So please, if we have anything on those, if we could advance it.","start":4310.25,"end":4317.45,"topics":[],"words":[{"text":"So","start":4310.25,"end":4310.57},{"text":"please,","start":4310.57,"end":4310.89},{"text":"if","start":4310.89,"end":4311.21},{"text":"we","start":4311.69,"end":4311.89},{"text":"have","start":4311.89,"end":4312.01},{"text":"anything","start":4312.13,"end":4312.57},{"text":"on","start":4312.57,"end":4312.73},{"text":"those,","start":4312.73,"end":4312.97},{"text":"if","start":4312.97,"end":4313.09},{"text":"we","start":4313.09,"end":4313.17},{"text":"could","start":4313.17,"end":4313.37},{"text":"advance","start":4313.89,"end":4314.41},{"text":"it.","start":4317.33,"end":4317.45}]}]}],"speaker":{"name":"Daniel","affiliation":null,"affiliation_full":null,"group":null,"function":"Co-Lead, Workstream 1"}},{"statement_number":55,"start":4317.53,"pageUrl":"/en/asset/k1s/k1sba0m3fg?t=4318","paragraphs":[{"sentences":[{"text":"Thank you, Daniel. So I open the floor for, first of all, membership, if there's any input you would like to share for those questions.","start":4317.53,"end":4329.85,"topics":[],"words":[{"text":"Thank","start":4317.53,"end":4317.73},{"text":"you,","start":4317.73,"end":4317.85},{"text":"Daniel.","start":4317.85,"end":4318.33},{"text":"So","start":4318.33,"end":4319.13},{"text":"I","start":4319.69,"end":4319.85},{"text":"open","start":4319.85,"end":4320.17},{"text":"the","start":4320.17,"end":4320.29},{"text":"floor","start":4320.29,"end":4320.89},{"text":"for,","start":4320.97,"end":4321.53},{"text":"first","start":4322.17,"end":4322.49},{"text":"of","start":4322.49,"end":4322.57},{"text":"all,","start":4322.57,"end":4322.73},{"text":"membership,","start":4322.73,"end":4323.45},{"text":"if","start":4323.69,"end":4323.89},{"text":"there's","start":4323.93,"end":4324.25},{"text":"any","start":4324.25,"end":4324.65},{"text":"input","start":4324.81,"end":4325.29},{"text":"you","start":4325.29,"end":4325.45},{"text":"would","start":4325.45,"end":4325.65},{"text":"like","start":4325.65,"end":4325.93},{"text":"to","start":4325.93,"end":4326.05},{"text":"share","start":4326.05,"end":4326.57},{"text":"for","start":4328.53,"end":4328.65},{"text":"those","start":4328.65,"end":4328.97},{"text":"questions.","start":4328.97,"end":4329.85}]},{"text":"These are questions that have been discussed in the workstream, but We now open it up for Ghana.","start":4330.49,"end":4338.53,"topics":[],"words":[{"text":"These","start":4330.49,"end":4330.73},{"text":"are","start":4330.73,"end":4330.89},{"text":"questions","start":4330.89,"end":4331.45},{"text":"that","start":4331.45,"end":4331.61},{"text":"have","start":4331.61,"end":4331.73},{"text":"been","start":4331.73,"end":4331.93},{"text":"discussed","start":4331.93,"end":4332.41},{"text":"in","start":4332.41,"end":4332.57},{"text":"the","start":4332.57,"end":4332.65},{"text":"workstream,","start":4332.65,"end":4333.29},{"text":"but","start":4333.61,"end":4334.01},{"text":"We","start":4334.85,"end":4334.97},{"text":"now","start":4334.97,"end":4335.17},{"text":"open","start":4335.17,"end":4335.57},{"text":"it","start":4335.57,"end":4335.73},{"text":"up","start":4335.73,"end":4335.89},{"text":"for","start":4335.89,"end":4336.29},{"text":"Ghana.","start":4338.13,"end":4338.53}]},{"text":"Please go ahead.","start":4338.53,"end":4339.25,"topics":[],"words":[{"text":"Please","start":4338.53,"end":4338.85},{"text":"go","start":4338.85,"end":4338.97},{"text":"ahead.","start":4338.97,"end":4339.25}]}]}],"speaker":{"name":"Lisa","affiliation":"CHL","affiliation_full":"Chile","group":null,"function":"Vice-Chair"}},{"statement_number":56,"start":4342.81,"pageUrl":"/en/asset/k1s/k1sba0m3fg?t=4343","paragraphs":[{"sentences":[{"text":"All right.","start":4342.81,"end":4343.17,"topics":[],"words":[{"text":"All","start":4342.81,"end":4342.89},{"text":"right.","start":4342.89,"end":4343.17}]},{"text":"Madam Chair, thank you very much.","start":4344.05,"end":4345.57,"topics":[],"words":[{"text":"Madam","start":4344.05,"end":4344.29},{"text":"Chair,","start":4344.29,"end":4344.53},{"text":"thank","start":4344.53,"end":4344.77},{"text":"you","start":4344.77,"end":4344.93},{"text":"very","start":4344.93,"end":4345.17},{"text":"much.","start":4345.17,"end":4345.57}]},{"text":"And I think that on the issue as on the board, our stance in collection with experience as a country, we have basic challenge with respect to taxes that has to be collected across the borders.","start":4345.77,"end":4371.61,"topics":[{"key":"assistance-in-collection","label":"Mutual Administrative Assistance in Collection","description":"The later part of the discussion focused on assistance in collection of tax claims across borders as a key element of mutual administrative assistance. 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This was discussed both as a technical problem of defining tax residence and as a broader issue of tax competition and capital flight."}],"words":[{"text":"And","start":4397.93,"end":4398.09},{"text":"so","start":4398.09,"end":4398.49},{"text":"in","start":4398.49,"end":4398.65},{"text":"as","start":4398.65,"end":4398.81},{"text":"much","start":4398.81,"end":4399.13},{"text":"as","start":4399.13,"end":4399.45},{"text":"you","start":4400.09,"end":4400.21},{"text":"are","start":4400.21,"end":4400.33},{"text":"able","start":4400.33,"end":4400.57},{"text":"to","start":4400.57,"end":4400.77},{"text":"identify","start":4400.77,"end":4401.69},{"text":"that","start":4402.73,"end":4403.29},{"text":"a","start":4404.09,"end":4404.13},{"text":"taxpayer","start":4404.13,"end":4404.89},{"text":"resides","start":4405.29,"end":4405.77},{"text":"in","start":4405.77,"end":4405.85},{"text":"a","start":4405.85,"end":4405.89},{"text":"country","start":4405.89,"end":4406.29},{"text":"where","start":4406.29,"end":4406.73},{"text":"either","start":4408.01,"end":4408.25},{"text":"you","start":4408.25,"end":4408.33},{"text":"have","start":4408.33,"end":4408.57},{"text":"a","start":4408.57,"end":4408.61},{"text":"tax","start":4408.61,"end":4408.89},{"text":"treaty","start":4408.89,"end":4409.29},{"text":"or","start":4409.29,"end":4409.93},{"text":"you","start":4410.57,"end":4410.73},{"text":"have","start":4410.73,"end":4410.93},{"text":"a","start":4410.93,"end":4410.97},{"text":"multilateral","start":4410.97,"end":4411.69},{"text":"agreement,","start":4411.69,"end":4412.41},{"text":"you","start":4413.13,"end":4413.33},{"text":"are","start":4413.33,"end":4413.49},{"text":"unable","start":4413.49,"end":4413.77},{"text":"to","start":4413.77,"end":4413.89},{"text":"collect","start":4413.89,"end":4414.33},{"text":"due","start":4414.57,"end":4414.73},{"text":"to","start":4414.73,"end":4414.89},{"text":"this","start":4414.89,"end":4415.13},{"text":"basic","start":4415.13,"end":4415.69},{"text":"challenge","start":4416.57,"end":4417.05},{"text":"that","start":4417.05,"end":4417.37},{"text":"I","start":4417.37,"end":4417.41},{"text":"have","start":4417.41,"end":4417.85},{"text":"enumerated.","start":4418.57,"end":4419.21}]},{"text":"What can be done?","start":4422.05,"end":4423.05,"topics":[],"words":[{"text":"What","start":4422.05,"end":4422.29},{"text":"can","start":4422.29,"end":4422.49},{"text":"be","start":4422.49,"end":4422.57},{"text":"done?","start":4422.57,"end":4423.05}]},{"text":"I think that at a high level, countries can be committed to, or countries can have the commitment to not to have reservations when it comes to assistance in collection of tax or revenue claims, and also to ensure that we don't have any limitations so that any country or other countries who do not have either bilateral tax treaties or they do not have, they are not signed on to the multilateral conventions, can have remedy under the criminal convention to enforce the attacks matters outside the jurisdiction.","start":4423.85,"end":4460.37,"topics":[{"key":"assistance-in-collection","label":"Mutual Administrative Assistance in Collection","description":"The later part of the discussion focused on assistance in collection of tax claims across borders as a key element of mutual administrative assistance. 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not be so negative about this.","start":4481.69,"end":4484.29,"topics":[],"words":[{"text":"Let's","start":4481.69,"end":4481.97},{"text":"not","start":4481.97,"end":4482.21},{"text":"be","start":4482.21,"end":4482.45},{"text":"so","start":4482.57,"end":4482.77},{"text":"negative","start":4482.93,"end":4483.57},{"text":"about","start":4483.57,"end":4483.89},{"text":"this.","start":4483.89,"end":4484.29}]},{"text":"I got Zambia, please go 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Many speakers linked this issue to progressive taxation, domestic resource mobilization, and reducing inequality."},{"key":"asset-registries","label":"Asset and Ownership Registries","description":"Some participants advocated global or public registries of assets and ownership information to strengthen wealth transparency and make cross-border taxation more effective. Others noted that building such systems would require national-level data infrastructure first and raised practical concerns about feasibility."},{"key":"tax-transparency","label":"Tax Transparency and Exchange of Information","description":"A major recurring theme was that stronger exchange of information and broader tax transparency are essential for identifying offshore income, assets, and cross-border tax abuse. 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