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In a statement following their 5 September meeting in London, in advance of Pittsburgh, the G20 Finance Ministers and Central Bank Governors reaffirmed their commitment to strengthen the financial system, but stated that more needs to be done to maintain momentum. They also stated that unprecedented progress has been made since the November 2008 G20 Summit with regard to the OECD’s standards of tax information exchange and
Today, on the eve of the Pittsburgh G20 meeting, the Global Forum on Transparency and Exchange of Information dealing with tax matters, took major steps to confirm the end of the era of banking secrecy as a shield for tax evaders.
Angel Gurría reitero que gracias a la presión que los países del G-20 han ejercido a nivel internacional en la lucha contra la evasión fiscal, decenas de países y territorios están tomando las medidas necesarias para adherirse a los estándares internacionales de la OCDE. Afirmo, que la cooperación entre las administraciones fiscales es ahora una regla y que el umbral de tolerancia hacia la evasión fiscal es ahora de cero.
Representatives of almost 100 governments were invited to meet in Los Cabos, Mexico, on 1-2 September 2009 to decide next steps in a global campaign to improve transparency and exchange of banking, ownership and other information for tax purposes.
Mr. Gurría reminded that in recent months, thanks to pressure from the G20 to step up the drive against tax evasion, dozens of countries and territories have taken steps to conform to the international standards developed at the OECD. He affirmed that co-operation between tax administrations is now becoming the rule and the threshold of tolerance for tax evasion has dropped to zero.
Today the OECD issued its Tax Co-operation 2009: Towards a Level Playing Field. This is the fourth annual assessment of progress being made towards greater transparency and information exchange in the area of taxation.
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Agreement between Sweden and Samoa for the exchange of information relating to tax matters
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Agreement between Iceland and Cook Islands for the exchange of information relating to tax matters
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Agreement between Denmark and Saint Lucia for the exchange of information relating to tax matters
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Agreement between Denmark and Turks and Caicos for the exchange of information relating to tax matters