Source: Date: Updated: |
TheBahamasInvestor.com
Friday, September 6, 2013 Friday, September 6, 2013 |
The Organization for Economic Co-operation and Development secretary-general Angel Gurría presented a report to the G20 leaders in St Petersburg in Russia yesterday on proposals on how to tackle tax evasion.
The report consists of two parts:
Part I is the Progress Report to the G20 by the Global Forum on Transparency and Exchange of Information for Tax Purposes delivered to the G20 in April 2013.
Part II is a report by the OECD secretary-general regarding the work on base erosion and profit shifting (BEPS) and tackling offshore tax evasion.
The OECD secretary-general report details the BEPS action plan, as well as a proposal to move globally towards automatic exchange of information.