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Finance ministers and central bankers from the Group of 20 (G-20) issue a warning to tax havens, urging them to comply with international tax transparency and information sharing standards. The G-20 officials call on the Organization for Economic Cooperation and Development (OECD) to identify non-compliant jurisdictions and highlight that defensive measures may be taken against those unwilling to cooperate. This response follows the exposure of the Panama Papers, which unveiled widespread offshore tax activities by public figures and influential individuals worldwide.
Saturday, 16 April, 2016