G-8 Leaders Make New Commitments to Fight Tax Evasion, Profit Shifting

For over 50 years, Bloomberg BNA’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...

PARIS—Leaders of the world's wealthiest economies announced June 18 significant new commitments to tackle tax evasion and avoidance by multinational companies, but they sidestepped the issue of whether countries should create public registries on the ownership of companies.
Closing out their June 17-18 summit meeting in Lough Erne, Northern Ireland, the Group of 8 leaders, including President Obama, issued a one-page declaration of tax commitments and objectives that, among other things, called for G-8 countries to “share information automatically to fight the scourge of tax evasion.”
 For full access to this article, please register for a free trial to Daily Tax Report®.