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.

The Administration strongly supports House passage of the House Amendment to the Senate Amendment to H.R. 4213. Passage of this legislation will provide much-needed relief to families, including extended access to health care benefits for workers who have lost their jobs and extended unemployment insurance benefits for millions of Americans who are looking for work. It will also provide critical assistance to hard-pressed States while encouraging continued job creation by America’s businesses. The importance of longer-term extensions for various authorities and programs – and the certainty that such extensions bring – has been highlighted by the...

In January 2010 the German government, in association with the European Commission and the Spanish Ministry of Foreign Affairs, organised a meeting of its International Tax Compact to consider the relationship between tax and development. Abusive tax practices featured high on the agenda. Details of the meeting, including the final communiqué and the papers submitted by participants, who included Jo Marie Griesgraber from our partners, New Rules for Global Finance, and our Director, John Christensen, are available here.