The leaders of the G20 nations have resolved to make greater efforts in implementing international transparency standards for the purposes of tackling corruption, tax evasion, terrorist financing, and money laundering. At the end of their latest meeting…G20 leaders committed to work for a "fair and modern international tax system", in particular by combatting tax avoidance.

In the final communiqué, the leaders said G20 countries would implement a package of measures on Base Erosion and Profits Shifting (BEPS) to ensure greater tax transparency. The communiqué also called on all countries to "commit without delay to implementing the standard of automatic exchange of information by 2018", and it endorsed the OECD’s current proposals on the "criteria to identify non-cooperative jurisdictions with respect to tax transparency". 

The Australian prime minister Malcolm Turnbull told reporters after the summit that he hoped the meeting had lifted the G20’s ambition "to do more to put an end to illicit finance flows and to protect and secure budget revenue streams"…

[For more information on the impact of tax avoidance on human rights, please click here]