THIS article aims to present an overview of the global tax reforms underway, exploring its challenges, key initiatives, and potential outcomes. It explores the importance of international cooperation under UN/G20/OECD, in addressing tax avoidance and ensuring that businesses contribute their fair share to the societies in which they operate.

BUDGET 2025 is round the corner. As in recent years, newspapers are full of alarming articles, all predicting disastrous consequences for the economy if a much-dreaded wealth tax or an inheritance tax is reintroduced in India. The discussion relating to a wealth tax or an inheritance tax has gained