G20 threatens tax havens measures

G20 threatens tax havens measures

World April 15, 2016 19:07

- The G20 countries are considering taking action against tax havens that ignore international rules. That raised the finance ministers of the club of the world's major economies, after consultation around the IMF meetings in Washington.

The G20 works with think tank OECD on rules that should make tax evasion more difficult internationally. Countries will be invited to participate in the automatic exchange of tax information. Therefore it harder for individuals and companies to hide their assets. Against countries that refuse to participate must be considered sanctions, are the ministers.

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