AGENDA- "Developing Strategies To Combat OffShore Tax Evasion From International Cooperations."
Economic and Financial committee is one of the six committees of the UN General Assembly also known as the second committee. As the name implies the primary aim of ECOFIN is the promotion of economic development. ECOFIN was created with the purpose to “promote international co operation in the economic field,” as outlined in Article 13 of the United Nations.
While the last year marked a period of cautious optimism from States and international organisations for the security and stability of the international financial system, but there remains a void of internationally recognised measures aimed at combating offshore tax evasion. Thus, the question being, how to prevent imminent offshore tax evasions and a resolution to encounter it.