Reducing inequality of tax treaties

Description

Reducing inequality of tax treaties involves revising and harmonizing international tax agreements to ensure fair allocation of taxing rights between countries, particularly benefiting developing nations. This strategy aims to eliminate biased provisions, prevent tax base erosion, and close loopholes that enable aggressive tax avoidance by multinational corporations. Practical actions include renegotiating treaty terms, enhancing transparency, and promoting multilateral cooperation to secure equitable revenue distribution and strengthen the fiscal autonomy of less advantaged countries.