C20 Asks G20 To Actively Push Changes In World Tax Architecture

NUSA DUA - Civil 20 (C20) calls on the G20 to push for changes in a more equitable world tax architecture.

"On the first day of the Kick-Off meeting, the C20 asked the G20 to push for a consensus on the minimum 25 percent corporate tax rate and apply globally," said the Indonesian Presidency's C20 Sherpa, Ah Maftuchan, at the Civil 20 (C20) Kick Off Ceremony and Meeting in Nusa Dua, Bali, as reported by Antara, Tuesday, March 8.

Not only that, the C20 also asked the G20 to encourage the realization of the commitment of developed countries to share 0.7 percent of their Gross National Income. "This needs to be done to fund international development cooperation to help developing and poor countries during the difficult times of the COVID-19 pandemic," said Ah Maftuchan.

He explained that the clear portrait of inequality between poor countries and rich countries should be enough trigger for those in power to start listening to the world and project a real post-pandemic recovery plan, namely the real life of the people and the planet.

Ah Maftuchan considers that the perspective of the community and civil society is very important in assessing the current challenging period. This is because they not only play an important role in mitigating social problems related to the pandemic, but also act as key actors in supporting the G20 agenda to overcome existing problems, namely the disaster era.

The C20 emphasized that while the G20 can be a useful place to discuss issues and act on them, reorganizing legitimate global governance, setting norms, and must involve all people and countries on a truly equal basis.

"It must remain anchored in multilateral bodies involving all countries, including and especially those based on the United Nations," said Ah Maftuchan.

He added that the World Bank has now also stated that economic growth is starting to recover in rich countries, where the majority of the top 20 percent live. "While the same is not true in low- and middle-income countries, where most of the bottom 20 percent live," said Ah Maftuchan.