I am delighted to take part in the closing of this session of the Ibero-American Council for Competitiveness and Productivity. I am sure that it was a very useful and productive meeting, given the content of the discussions but also given the presence of so many dear friends and in particular the two "Enriques from America": Iglesias and García.
There have been many significant developments in the area of international tax over the last months. Almost 50 countries have started automatic exchange of financial account information in September 2017, which is a key milestone.
It is my pleasure to welcome you to the OECD and to congratulate Peru on two crucial milestones: Firstly, its accession to the Anti-Bribery Convention and secondly, its ratification of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters.
The OECD was forged by its members out of the destruction of World War II to promote peace and security through sustainable and inclusive economic growth. These are not just worthy goals, but necessary conditions for a safer world.
Welcome to the 6th Global Anti-Corruption and Integrity Forum. Allow me to begin by thanking the Prime Minister of Iceland, Ms. Katrin Jakobsdottir, the Prime Minister of Norway, Ms. Erna Solberg, the Vice President of Argentina, Ms. Gabriela Michetti, and the First Vice President of the European Commission, Mr. Frans Timmermans, for joining us.
Last March you asked the OECD to deliver, by 2020, a report on the tax challenges related to the growing digitalisation of the world economy.
Going for Growth is the OECD’s flagship report on structural policies. Its prime purpose is to help policymakers setting reform agendas for the wellbeing of their citizens. It is instrumental in supporting G20 countries in their efforts to achieve strong, sustainable balanced and inclusive growth.
It is my great pleasure to be here to launch the joint work programme with Brazil on transfer pricing, one of the core aspects of international tax policy.
The world has turned strongly against tax evasion and aggressive tax planning. Thanks to ground-breaking international agreements, it is no longer possible to hide assets by simply placing them in offshore accounts or structures. Banking secrecy has been quickly disappearing and cooperation between tax administrations is rapidly improving.
In both advanced and emerging countries, we observe growing dissatisfaction among citizens over what they perceive as the adverse effects of international trade, technological change and immigration on their daily lives.