What does the UN General Assembly resolution 68/304 address?

The UN General Assembly resolution 68/304, adopted in 2014, addresses the UN's approach to international taxation, specifically focusing on the need for a more equitable and fair global tax system. This resolution reinforces the importance of global cooperation in tax matters, recognizing that international tax rules can significantly impact countries' development efforts and their ability to generate revenue for essential public services.

Resolution 68/304 emphasizes the role of developing countries in the formulation and implementation of international tax standards and the need for measures to combat tax evasion, avoidance, and illicit financial flows. By fostering a more transparent and inclusive international tax system, the resolution aims to ensure that all countries, especially those with fewer resources, can benefit from fair taxation practices and ultimately contribute to sustainable development.

Thus, this resolution is centered on improving international taxation frameworks to support global governance and enhance economic stability and growth for all nations.