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G8 transparency deal "may affect smaller companies"

G8 transparency deal "may affect smaller companies"
Global
23 Jun 2013

This article was first published in Taxation, 23 June 2013

The leaders of the G8 economies have agreed new measures on tax transparency, with the aim of clamping down on evasion, corporate avoidance, and money laundering...

... The chairman of Taxand, Frédéric Donnedieu de Vabres, was unconvinced by the G8’s pledges, “After so much talk, there appears to be little tangible action,” he claimed.

“A general consensus on a central register of company ownership and the ten-point declaration may have been agreed in principle, but where does the issue go from here? Fundamentally, this is not a topic the G8 can tackle alone. The involvement of the G20 and OECD will be the bare minimum required to truly effect global change,” said Donnedieu de Vabres.


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This article was first published in Taxation, 23 June 2013

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