The international community is moving towards establishing a new global tax authority under the United Nations, aimed at enhancing tax rights and addressing issues such as tax evasion and illicit financial flows. Despite support from 110 countries, including India, the initiative faces potential setbacks due to opposition from the EU and other wealthy nations, raising concerns about its viability. The UN's new framework aims to provide a fair and effective international tax system that aligns with sustainable development goals and enhances developing countries' roles in tax governance. The framework is expected to shift power in global tax policy-making from the OECD to the UN platform. It also seeks to develop binding protocols to ensure equitable taxation of multinational corporations and reduce tax avoidance by wealthy individuals. Overall, this initiative represents a significant shift in international tax collaboration and governance.