Ahead of the G8 summit, President Barroso sets out his views on the main items on the G8 agenda in the summit magazine published by the G8 Research Group of the University of Toronto.
On taxation, Barroso strongly welcomes the new willingness to join forces and cooperate more effectively to fight tax evasion and avoidance, in Europe and worldwide:
In a globalised world, tax avoiders are taking advantage of gaps and loopholes in the different tax regimes around the globe. So we are convinced that there is a need to improve tax governance everywhere. Let us therefore foster a unity of purpose at the global level. The G8 summit is a great opportunity to inject further momentum. Our work should focus on the compatibility of standards for automatic exchange of information, taking into account the particular features and legal requirements of all countries involved. The EU would strongly support a joint effort towards a new multilateral standard in the context of the Organisation for Economic Co-operation and Development. We believe that our EU savings tax directive can be an important point of reference here.
0