A KPMG report of the main items discussed at the UN Tax Committee and their potential implications for taxpayers.
The United Nations (UN) is continuing its attempt to have a more prominent role in the global landscape. The UN Committee of Experts on International Cooperation in Tax Matters (“UN Tax Committee”) is spearheading work on the UN Model Tax Convention and updated UN Transfer Pricing Guidelines, which provide an alternative to similar guidance issued by the OECD. The UN Tax Committee’s Model Tax Convention generally seeks to allocate greater taxing rights to source countries, such as through permitting higher rates of withholding tax or creating new withholding taxes.
The 30th Session of the UN Tax Committee, held in New York March 24 – 27, 2025, focused on various topics, including the digitalized economy, extractive industries, transfer pricing, and the taxation of cryptoassets.
Read an April 2025 report prepared by KPMG LLP that summarizes the main items discussed and their potential implications for taxpayers.