Summary
Talks between rich and poor countries in Ethiopia, aimed at agreeing on the financing of the United Nations' bold new global development agenda, are on the brink of collapse, advocacy groups said Wednesday.
The proposal is fiercely opposed by the rich members of the Organization for Economic Cooperation and Development (OECD), which drew up the current tax rules.
A draft of the proposal, seen by the Thomson Reuters Foundation, said the two nations invited the U.N. Economic and Social Council, to which the current U.N. tax committee reports, to finalise proposals for upgrading it to "a universal body with equitable participation of developing countries" by 2016 .
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