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21 February 2011

G20 Finance Ministers maintain pressure on non co-operative tax jurisdictions


They look forward to the updated public FATF list of jurisdictions with deficiencies.

"We reiterated our call to improve compliance with international standards and strengthen the process of identifying non-cooperative jurisdictions. We look forward to the forthcoming update by FATF of the public list of jurisdictions with strategic deficiencies and to a public list of all jurisdictions evaluated by the FSB ahead of the next G20 countries<BR>The premier forum for international economic co-operation<BR><a href=\'http://www.g20.org/\' class\'styleMainContentBody\' target=\'_blank\'>www.g20.org/</a>',WIDTH, 300, SHADOW, true, FADEIN, 300, FADEOUT, 300, STICKY, 1,DURATION,3500)" onmouseout="UnTip()" href="http://www.g20.org/" target="_blank">G20 Leaders Summit. We welcome the 18 peer reviews issued by the Global Forum on Transparency and Exchange of Information and urge all jurisdictions so far identified as not having the elements in place to achieve an effective exchange of information to promptly address the weaknesses. We look forward to the progress report by November 2011, based on the expected completion of around 60 phase 1 reviews, to address in particular the jurisdictions' quality of cooperation with the Forum, level of compliance and unsolved deficiencies. We call upon more jurisdictions to join the Global Forum and to commit to implementing the standards. We urge all jurisdictions to extend further their networks of Tax Information Exchange Agreements and encourage jurisdictions to consider signing the Multilateral Convention on Mutual Administrative Assistance in Tax Matters."


© G-20


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