1. We, the G‐20 Finance Ministers and Central Bank Governors, met at a time of heightened tensions and significant downside risks for the global economy that need to be addressed decisively to restore confidence, financial stability and growth.
In June 2011, the Financial Action Task Force (FATF), published it’s second public consultation paper seeking input as the organization conducts a review of its 40+9 Recommendations. Attached is the official response from the Task Force on Financial Integrity and Economic Development (Task Force).
PARIS – Furthering efforts to fight against international tax evasion and bank secrecy, members of the Global Forum on Transparency and Exchange of Information for Tax Purposes have issued 12 new peer review reports.
PARIS (OECD) – Due to the recent financial and economic crisis, global corporate losses have increased significantly. Numbers at stake are vast, with loss carry-forwards as high as 25% of GDP in some countries. Though most of these claims are justified, some corporations find loop-holes and use ‘aggressive tax planning’ to avoid taxes in ways that are not within the spirit of the law.
PARIS – Greece’s ambitious programme to tackle its economic crisis can succeed in rebuilding growth, jobs and living standards if the reforms are fully implemented, according to a new OECD report.
PARIS – The OECD is pleased to announce that Rinatro Tamaki has been appointed as Deputy Secretary-General.
PARIS – The OECD and India have announced plans to strengthen ongoing co-operation on tax-related issues through the development of a three-year partnership that will provide greater opportunities for structured dialogue and sharing of information.
PARIS – With Ghana, Georgia and Nigeria joining in the past few weeks, the Global Forum on Transparency has now 101 members and expects more countries to join soon.
PARIS (OECD) – Bulgaria should do more to prevent, report, detect and prosecute foreign bribery cases, according to a new report by the OECD Working Group on Bribery.
In October 2010, the Financial Action Task Force (FATF), published a consultation paper seeking input as the organization conducts a review of its 40+9 Recommendations. Attached is the official response from the Task Force on Financial Integrity and Economic Development (Task Force).
The official document released by world leaders following the 2010 G20 Summit in Seoul, Korea.
The official leaders declaration following the 2010 G20 Summit in Seoul, Korea. This document combined with the Seoul Summit Document make up the G-20 Communiqué.
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