g20 agrees on wider international tax cooperation
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

G20 agrees on wider international tax cooperation

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleG20 agrees on wider international tax cooperation

Cannes - Xinhua

All governments of the Group of twenty(G20)countries on Thursday agreed on a multilateral convention to tackle tax evasion more effectively during the group’s summit in the French resort of Cannes, bringing total number of the convention’s signatories to 34. \"Today we have taken a major step forward to improve global tax cooperation,\" said OECD Secretary-General Angel Gurria. Gurria, who is in Cannes for the summit, also expressed his hope to continue to work with the G20 and other countries to maximize international cooperation on tax issues. The Multilateral Convention on Mutual Administrative Assistance in Tax Matters was developed jointly by the Council of Europe and the Organization for Economic Cooperation and Development (OECD) and opened for signature by the member states of both organizations on 25 January 1988. Providing various forms of administrative co-operation between states in the assessment and collection of taxes, the convention aims to promote international cooperation for a better operation of national tax laws, while respecting the fundamental rights of taxpayers. Previously, six countries of the Group of Twenty had already signed the convention. The remaining 13 countries approved it on Thursday night, Jeffrey Owens, Director of the OECD’s Centre for Tax Policy and Administration told Xinhua. Now that the signatories to the Convention added to 34, \"it’s a very big step forward,\" Owens added. \"We expect the number to increase very fast\" as the G20 countries have set up an example and taken \"forward the agenda on better tax appliance,\" he said. This convention works as complement to other initiatives such as that of the Global Forum on Transparency and Exchange of Information for Tax Purposes, supported by the OECD and backed by 105 countries including China.

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

g20 agrees on wider international tax cooperation g20 agrees on wider international tax cooperation

 



Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

GMT 08:32 2011 Monday ,25 July

Sabri accuses Yusri in Souad Hosni’s murder

GMT 12:07 2014 Monday ,03 February

Home design ideas

GMT 11:20 2017 Thursday ,02 March

Mexico central bank cuts growth outlook over Trump

GMT 08:31 2017 Tuesday ,28 November

Bangladesh upholds death sentence for 139 soldiers

GMT 14:33 2017 Thursday ,20 April

US defense secretary vows support for Egypt's Sisi

GMT 16:12 2017 Wednesday ,20 December

Myanmar bars UN rights investigator just before visit

GMT 08:21 2017 Wednesday ,30 August

United Technologies near deal to buy Rockwell Collins

GMT 18:27 2017 Friday ,21 April

ARCO condemns targeting of ERC convoy in Somalia
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle