Financial Transparency Coalition

On June 11, the Task Force on Financial Integrity and Economic Development Coordinating Committee members and other signatories sent a letter to the Financial Action Task Force (FATF) urging them to consider various points at its upcoming plenary meeting.

The final communiqué released following the conclusion of the G20 Finance Ministers and Central Bank Governors’ meeting on June 5, 2010 in Busan, Republic of South Korea.

Conclusions of the OECD Meeting of the Council at Ministerial Level, 27-28 May 2010

PARIS-In April 2009, the G20 called for action “to make it easier for developing countries to secure the benefits of the new cooperative tax environment, including a multilateral approach for the exchange of information.” In response, the OECD and the Council of Europe developed a Protocol amending the multilateral Convention on Mutual Administrative Assistance in Tax Matters to bring it in line with the international standard on exchange of information for tax purposes and to open it up to countries that are neither members of the OECD nor of the Council of Europe.