Algirdas Šemeta, EU Commissioner for Taxation, has welcomed the G20 Finance Ministers' agreement today on a new global standard which will reinforce the fight against tax evasion and improve tax transparency worldwide.
At their meeting in Sydney, the G20 gave the green light to the global standard for the automatic exchange of information. They are due to agree implementation plans at their next meeting in September. The new standard was developed by the OECD, with strong support and input from the EU.
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