The OECD nations have drawn a ring of fire around the issue of international taxation and are willing to go to any lengths, including threatening poor countries with cuts in Overseas Development Assistance (ODA), to ensure that their norm-setting monopoly -- which is directly opposed to the interests of poor countries -- remains unchallenged.
The OECD countries, by continuing to resist it, are fighting a losing battle and will end up on the wrong side of history. They must realise that they are defending a system that directly facilitates the creation of Panama Papers and acts in favor of the immense global inequality in the world today.
A titan has left us. India's oldest performing musician, Ustad Abdul Rashid Khan, is no more. He passed away at the unbelievable age of 107. Ustadji, a descendant of Tansen, was born in Salon village, Rae Baraeli district, Uttar Pradesh. He was born in 1908, in a world so removed from ours that it is difficult to imagine what it must have been like. A world of British rule, feudalism and most importantly, a world where the true syncretic spirit of India still thrived.
Achieving the goal of the Paris Agreement will require a major shift away from the fossil fuel-based economies of today to a more sustainable and green economy. Such a transition, needless to say, will be enormously expensive. The main source of financing will be public funds, essentially raised through taxation by the government. It is here that an ongoing reform effort at the United Nations must be brought into the picture -- the campaign for an intergovernmental tax committee.
Rather than hankering after the humiliating goal of second-class citizenship among the permanent members, India can provide leadership to the rest of the world and focus on ensuring that the veto is abolished. If accomplished, it would be an achievement whose ramifications cannot be fully imagined and India would have done the world a gargantuan favour.