Financial Transparency Coalition

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.

A May 2010 briefing from Tax Research UK explains the benefits of an international country-by-country reporting standard.

Johannesburg - The Africa Progress Report launched today by the Africa Progress Panel (APP) states that African leaders need to boost “political determination and capacity to use what revenues they have to achieve results for people”.