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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.