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.

THE Financial crisis in the West around 2008-09 first drew the attention of the public to the quaint practices in the rarefied field of international taxation. Thanks mostly to the public-spirited news organizations followed by non-governmental organizations, the world came to know the practice of transfer pricing and the unfair rules of revenue sharing