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After US walkout, African officials push ahead with global tax treaty

EU states in talks as Egypt’s Youssef aims for legally binding framework after Nairobi meeting in November

Against an unpromising diplomatic backdrop, the African-led push for a UN tax convention to boost public revenues by countering illicit financial flows is making progress through the labyrinthine bureaucracy of the international system and the initial hostility of several rich economies. As western treasuries step up the search for revenues their governments have become more sympathetic to the developing economy case for global tax reform, a senior western-based corporate auditor told Africa Confidential.

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