This is apropos three letters to the Editor from this writer carried by the newspaper on Thursday, Friday and yesterday. Even tax justice — long a contentious issue — saw real progress. The G-20 endorsed a crackdown on tax evasion and illicit financial flows, expanding automatic exchange of banking data and creating stronger digital taxation systems capable of identifying hidden wealth and offshore transfers. It was a direct strike against corruption, financial secrecy, and the long-standing loopholes that have drained developing nations of trillions.
What is extraordinary is that these decisions, perhaps some of the most consequential in G-20 history, were made in the absence of the United States. Washington’s non-participation deprived the G-20 summit of its traditional weight, but it also gave the rest of the world a rare freedom — a chance to act without American vetoes, delays, or political bargaining. For the first time, the G-20 showed that global governance can continue even when America chooses not to lead. (Qamar Bashir)
Copyright Business Recorder, 2025