CGD in the News

OECD official optimistic G8 tax plans mark beginning of end to secret money (Thomson Reuters Foundation)

June 25, 2013

Alex Cobham is quoted about G8 action on taxes, transparency. 

From the article.

The days of secret money using tax havens and shell companies are numbered under new plans by G8 world leaders to share tax information across borders, a senior OECD official said on Wednesday. 

G8 leaders at their summit in Northern Ireland signed a sweeping 10-point pledge on Tuesday to combat money laundering and tax evasion. They also promised to draw up national action plans to share tax information, crack down on shell companies that hide the names of who truly owns assets, and to require companies to report earnings broken down by country.

Read it here.