I am delighted to welcome you this morning for the signing of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, the most powerful single instrument for international tax co-operation. Mauritius becomes the 87th jurisdiction to join.
The European Commission presented today an Action Plan to fundamentally reform corporate taxation in the EU. The Action Plan sets out a series of initiatives to tackle tax avoidance, secure sustainable revenues and strengthen the Single Market for businesses.
Today marks another key moment in stepping up the fight against offshore tax evasion. I congratulate the countries represented here for acting so quickly on the commitments made last year. And I offer the full support of the OECD in the implementation process that is now to follow. Together, let’s make tax transparency a reality around the world.
Today’s ceremony sends yet another strong message to the international community of El Salvador’s commitment to fighting international tax avoidance and evasion by increasing transparency. This builds on the first major step, taken in 2011, when El Salvador joined the Global Forum on Transparency and Exchange of Information.
After 18 months of hard work, we are now in the decisive stages of the G20/OECD BEPS Project. Your leadership is therefore essential at this point in time, to send a strong message for our officials to reach a principle-based agreement on measures that will effectively attack the loopholes which have allowed base erosion and profit shifting practices to take hold in the past.
The OECD and the EU have worked hand in hand over many years to tackle some of the greatest challenges on the international tax agenda. Working together to ensure the coherence of global tax rules is absolutely critical – for governments and for business, coherency improves effectiveness, increases efficiency and reduces unnecessary compliance costs.
The OECD Secretary-General Gurría welcomed the announcement and congratulated the Commission for the work done. "The European Commission’s initiative is another major step to tackle corporate tax avoidance.
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BEPS Regional Network Meeting Eurasia: Co-chairs' summary of discussions
The OECD has been a successful international standard-setter for over 50 years, and we have developed a wealth of experience and best practice in achieving international cooperation and coordination. But to bring international law into the 21st century we need a global dialogue, a multi-stakeholder debate on the way forward.
The Secretary-General's report to the G20 Finance Ministers sets out the most recent advances in the BEPS Project as well as OECD work to support developing countries establish a stronger basis to finance development through the tax system, and our global efforts to tackle tax evasion.