U.N. Member States Agree on Addis Ababa Action Agenda including a New Initiative to Improve Tax Systems of Developing Countries

On 15 July 2015, the U.N. announced that agreement had been reached by 193 U.N. Member States on an agenda for a series of measures to overhaul global finance practices and generate investments for tackling a range of economic, social and environmental challenges. The agreement was reached during the U.N. Third International Conference on Financing for Development held in Addis Ababa, Ethiopia. The Action Agenda contains more than 100 measures concerning technology, infrastructure, foreign ai…