In a joint letter, Presidents Donald Tusk and Jean-Claude Juncker inform about the key issues that will be discussed at the G20 summit in China.

One of the key issues is the work on international tax transparency and combatting the financing of terrorism. "The G20 should reiterate its call on all countries and jurisdictions to start exchanging information under the Global Standard on the Automatic Exchange of Information (AEOI) with all interested partners by 2018 at the latest; to adhere to the Multilateral Convention on Mutual Administrative Assistance in Tax Matters; and to join the Base Erosion and Profit Shifting (BEPS) Inclusive Framework. The Anti-Tax Avoidance Package finalised in June and the next steps prepared to respond to the problems exposed in the 'Panama Papers' put the EU at the forefront of this agenda. We need strong international criteria to identify non-cooperative jurisdictions to provide a solid basis to the broader EU common list to be adopted by end 2017. After the summit, the next milestone will be the Global Forum's proposals on beneficial ownership in cooperation with the Financial Action Task Force (FATF). We need to stand together in combatting the financing of terrorism. The G20 has already taken important steps in this direction, and should continue on this path. We will encourage the FATF to fully implement its strategy to combat terrorism financing, and take steps to enhance the effectiveness of the network of FATF and FATF-style regional bodies." 



Informatiesoort: Nieuws

Rubriek: Europees belastingrecht, Internationaal belastingrecht

H&I: Previews


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