02 November 2013

Offshore Investment (November 2013): The OECD / G20 tax agenda

The recent St Petersburg G20 declaration endorsed (obviously without much thought by jetlagged and overburdened heads of government with too little time to think about things), a Tax Annex prepared by the Organisation for Economic Co-operation and Development (OECD) in conjunction with various tax agencies and foreign ministries across the world.  Perhaps because the G20 government leaders could not agree about things like Syria (and their involvement in promoting and financing the civil war that is costing thousands of lives and has made 2 million or more people homeless), they were more willing to agree on motherhood statements about tax, thinking that they were subscribing to nothing more than the nostrum that “we ought to do something about tax dodgers”.

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