9 April 2011
The Group of Twenty (G-20) Finance Ministers and Central Bank Governors was established in 1999 to bring together systemically important industrialized and developing economies to discuss key issues in the global economy. The G-20 is the premier forum for international economic development and aims to promote open and constructive discussion between industrial and emerging-market countries on key issues related to global economic stability. Members of the G20 are scheduled to meet in France in November of this year.
A coalition of organizations, including Christian Aid, Eurodad, Global Financial Integrity, Global Witness, Tax Justice Network and Edmund Rice International, is calling on this powerful international body to introduce specific measures to end the tax haven secrecy that allows companies to hide their profits and avoid paying taxes in developing countries.
Specific recommended measures include 1) requiring companies to report on the profits made and taxes paid in every country in which they operate, and 2) automatic exchange of information between different tax jurisdictions. This would help developing countries collect the taxes they are owed.
You are invited to join the End Tax Haven Secrecy campaign and sending a letter to the G20