NEW: The UN General Assembly adopts "Towards a New International Economic Order" by a vote of 123-50.
The results speak for themselves:
These regular resolutions recommitting to the #NIEO are a sign of the continued power of that vision.
But nearly 50 years on, routine votes are not enough — it's time to revitalize the spirit of the NIEO, and build a movement toward its realization. act.progressive.international/nieo/
Resolution text here:
• • •
Missing some Tweet in this thread? You can try to
force a refresh
ICYMI: Last week, the @ProgIntl inaugurated a new global process toward a New International Economic Order fit for the 21st century.
My role is modest, but I'm proud to play a part in this urgently needed initiative. Watch the #NIEO launch event here:
50 years ago, the nations of the Third World came together in a moment of crisis to envision a radical restructuring of the global economy: a NIEO
In the midst of our own crisis, we ask: what should a new NIEO look like, and how do we make it a reality?
The event was kicked off by @davidrkadler, who invoked the celebrated Salvador Allende 1972 UN General Assembly speech, delivered mere blocks away, 50 years ago that very week.
How — David asked — do we understand the legacy of the NIEO, and revitalize its vision today?
The @OECD is expected to announce today that ~140 countries have reached an agreement on a new global corporate tax deal.
The world tax system is unjust. But this won't fix it. The OECD process has been led BY rich countries, FOR rich countries. (1/7) rte.ie/news/2021/1008…
The plan has 2 pillars. The 1st makes companies pay more taxes where they actually do their business, rather than where they claim their profits... BUT it only applies to 100 companies, sets a low rate, & requires countries to get rid of their existing digital service taxes (2/7)
Under Pillar One, many lower-income countries will end up with LESS in tax revenue than before the deal. (3/7)