G-20 Members Pledge To Bolster Corporate Tax Info Sharing

Law360, New York (February 24, 2014, 4:22 PM EST) -- G-20 leaders on Sunday pledged to create a tax information exchange and implement stronger rules to prevent multinational corporations from shifting their profits to lower-tax jurisdictions, as the international organization's yearly summit drew to a close.

Leaders of the world's 20 major economies said they expect to launch an automatic tax information exchange by the end of 2015 and are endorsing a common reporting standard for the exchange. They also said they will roll financial institutions into the plan and are continuing to work on a...
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