December 7th, 2016
There’s an in-depth piece published today in the Financial Times that examines the upcoming implementation of the OECD’s Common Reporting Standard (CRS) for the automatic exchange of financial information. This new standard would allow countries to share information regularly on each other’s citizens who may be hiding money illegally abroad. For example, France will provide Germany with
August 31st, 2016
For the last few years, the G20 has been writing the script on financial transparency. Just last year, at the 2015 Summit in Turkey, G20 leaders signed off on two important measures being implemented by the Organization for Economic Cooperation and Development (OECD) to cut down on cross-border tax abuse and multinational profit shifting. But
February 23rd, 2016
PRESS RELEASE The OECD’s plan to open BEPS system to developing countries after it has already been designed highlights the need for a truly universal tax body Ahead of this week’s G20 Finance Ministers meeting, the Organization for Economic Cooperation and Development announced a proposal to invite non-member countries to join in its anti-tax avoidance system. The
January 20th, 2016
We at the FTC are readying for the next phase of efforts to make the global financial system work for everyone. As part of that, we’re looking back at some of 2015’s most memorable moments.