Brussels, 18/04/2016 (Agence Europe) - On Friday 15 April, the finance ministers of the G20 mandated the OECD to lay down, by July, objective criteria to identify non-cooperative jurisdictions in matters relating to “tax transparency”.
“Defensive measures will be considered by G20 members against non-cooperative jurisdictions if progress as assessed by the Global Forum is not made”, the ministers state in a press release, warning non-compliant countries of potential sanctions.
A...