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.

2024 was the year of elections and barring a few exceptions almost everywhere the elections were for change and it was thus that the Labour party came back to power in the UK after a long gap of 15 years. Incidentally, the Labour Party's manifesto was appropriately named - Change.