G20 Now Fully Subscribed to New OECD Tax Evasion Crackdown

Chinese Premier Li Keqiang Image:FoxBusiness

With only days to spare before the G20 Heads of Government Summit in St. Petersburg next week, on Tuesday the Organisation for Economic Cooperation and Development (OECD) announced that China had signed the OECD Multilateral Convention on Mutual Assistance in Tax Matters.

According to Secretary General of the OECD, Angel Gurria, the signing by China, the last of the G20 members to do so was “both timely and important as the G20 has endorsed automatic exchange of information as the new global standard.”

This eleventh-hour endorsement by China confirms the widely held view that  international tax cooperation and transparency will have ‘pride of place’ at the G20 Summit.

More blog posts on the recently announced changes to the international transparency and exchange of information agenda:

G20 Backs OECD Anti-Tax Haven Agenda

G20 Re-Writes OECD Global FOrum Work Programme to Focus on Automatic Information

I Predict a New OECD Tax HAven Blacklist…Here’s the Evidence

OECD’s Proposed New Anti-Tax Haven Initiatives

Your 8 Questions on the OECD Convention on Mutual Assistance in Tax Matters Answered

OECD Global Forum Announces Publication of November Tax Haven Blacklist

Automatic Exchange of Information: What You Need to Know Now

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