1. More than ever, ensuring that all taxpayers pay their fair share of taxes is a priority for the G20 because of the severe fiscal consolidation and social hardship in many countries. 2. The G20 intends to ensure that neither international nor domestic tax rules allow or encourage multinational enterprises to reduce overall taxes paid… More 10 Things OFCs Need to Know About the G20’s New Anti-Tax Haven Agenda
G20 Leaders will tomorrow send a clear signal about their commitment to combat corporate tax avoidance. Chairman of the Group, Russian President Vladimir Putin has already made this intention clear in his August 28, 2013 Address in advance of this week’s G20 Summit of Heads of Government. Outlining what he considers to be the accomplishments… More What the g20Russia Summit is Expected to Agree on Combating Tax Avoidance.
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,… More G20 Now Fully Subscribed to New OECD Tax Evasion Crackdown
On page 11 of the OECD report to the recently concluded G8 Summit titled “A Step Change in the Transparency Agenda” is the following footnote: “In view of the next G20 Summit, we also strongly encourage all jurisdictions to sign or express interest in signing the Multilateral Convention on Mutual Administrative Assistance in Tax Matters… More I Predict a New OECD Tax Haven Blacklist…Here’s the Evidence.
Insisting that her recent meetings with European Union (EU) technocrats and policy-makers were to protect her country’s economic mainstay, Bermuda’s Premier declared that it was time to give her country a ‘political face’ as she engaged key regulators on matters related to the Solvency II Directive. In particular she sought to explain the OFC’s efforts… More The Politics of Regulation.
…Switzerland: Its move to Phase II Assessment is conditional upon bringing its legislative framework up to par by the middle of 2012 and is the top secrecy jurisdiction according to the 2011 Financial Secrecy Index. Left out of the 2011 list and the recently revised French ‘blacklist’ the country is not a odds-on favourite. Panama: Even though… More The 2012 G20 ‘Tax Haven’ Black-List Nominees Are…