France's 2011 presidency of the G-20, G-7 and G-8

At 2011 G-20 Leaders' Summit, Sarkozy Names Switzerland, Liechtenstein Among 11 ‘Tax Havens'
(Appeared Nov. 7, 2011, in Bloomberg BNA's Daily Tax Report)
In Cannes, France, French President Nicolas Sarkozy said the world's leading economies consider 11 jurisdictions “tax havens,” because they had failed to adequately adopt or implement legal systems to allow tax information exchange and transparency.

OECD Tax Rules Called Too Complex, Costly to Help Developing Countries Nab Evaders
(Appeared Oct. 6, 2011, in Bloomberg BNA's Daily Tax Report & on Oct. 20, 2011, in Transfer Pricing Report)
The Organization for Economic Cooperation and Development's approaches to multinational tax compliance, particularly regarding transfer pricing, are too complex and costly for developing countries to implement and these countries consequently risk losing tax revenues, tax professionals from three continents said in a series of interviews.

Business, NGO Representatives Urge G-20 To Expand Fight Against Bribery, Corruption
(Appeared May 3, 2011, in Bloomberg BNA's Daily Report for Executives and later in International Trade Reporter)
Business representives say OECD treaty's focus on punishing companies is missing at least half the problem.

G-20 Summit OKs Compromise List Of Indicators, Puts Guidelines Off for April
(Appeared Feb. 23, 2011, in Bloomberg BNA's Daily Report for Executives)
Group of 20 finance ministers and central bank chiefs agreed on a compromise set of indicators for identifying countries' “persistently large imbalances” that require policy action, but they put off work to agree on benchmarks against which to assess those indicators.

*****

 

Home | Resume | Articles | Links | Contact
Last updated: Nov. 1, 2012
Copyright © 2000-2012 [Rick Mitchell]. All rights reserved.