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The UK supports Country by Country reporting standards and publishes study minimising transfer mispricing impacts on development
June 26th, 2009
Finance ministers meet (sic) in Berlin on Tuesday 23rd June to review the international crackdown on tax havens. The meeting was organised by the French and German finance ministries and was also attended by Hans-Rudolf Merz, Swiss finance minister. Interestingly, this meeting has been the occasion for the UK to announce its support for Country by Country reporting in order to fight aggressive tax avoidance, informs recent article in the Financial Times.
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Finance Ministers Release Joint Committment from Berlin Meeting
June 23rd, 2009

Country-by-Country Reporting Noticeably Absent; Disclosure of Beneficial Ownership Endorsed

The finance ministers from 19 OECD nations released a "Summary of Conclusions" as the result of their meeting in Berlin today. While afirming previous committments - encouraging the use of "defensive measures" to be used against Tax havens, and calling for the disclosure of beneficial ownership of all companies, foundations, and trusts - the statement stops far short of calling for country-by-country reporting of profits by multinational corporations. Additionally, the countries remain committed to the OECD standard on information exchange - a standard which we...
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