Home > politics > G8: a very weak agreement, that will not scare the tax evaders

G8: a very weak agreement, that will not scare the tax evaders

“The tax authorities of the world should automatically share information to combat the scourge of tax evasion. Countries should change the rules that allow companies to move their profits over the border to avoid taxes and corporations should report to the tax authorities where and how much tax you pay. “

G8 irelandYou can read it in a draft of a 10-point declaration of G8 leaders on economic issues circulated in the morning and may be subject to last minute changes.

“The companies – continues in the morning – should know who really controls them and the authorities that deal with revenue collection and legislators must be able to obtain information easily.”

Moreover, “developing countries should have the information and the ability to collect taxes that are due and other countries must help them.” “Circumvention tax – continues in the draft of the final document circulated in the morning – we support the work of the OECD in combating the erosion of the tax base and the displacement of the profits.
We will work to create a common model for multinationals because they declare to the tax authorities where they make profits and pay taxes where in the world. We will support developing nations to recover the fees that are due, with access to global tax information they need.
We agree to publish national plans of action because the information about who controls the companies and trusts, and earn money is available to the tax agencies, for example through central registers ” of the property.

The G8, in fact, is a forum of governments of the eight major powers: the United States, Japan, Germany, France, UK, Italy, Canada, and Russia since 1998.
Countries which have problems of tax evasion with others states, states that are not represented in the “…G8 club”.

The “black list” compiled by OCSE sees the first places Costa Rica, Malaysia, Philippines, Uruguay. You add them to countries such as Andorra, Anguilla, Antigua and Barbuda, Aruba, Bahamas, Bahrain, Belize, Bermuda, British Virgin Islands, Cayman Islands, Cook Islands, Dominica, Gibraltar, Grenada, Liberia, Liechtenstein, Marshall Islands, Monaco , Montserrat, Nauru, Netherlands Antilles, Niue, Panama, St Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Samoa, San Marino, Turk and Caicos Islands, Vanuatu.

In a position just a little bit softer are nations such as Austria, Belgium, Brunei, Chile, Guatemala, Luxembourg, Singapore, Switzerland. Even the Vatican State.

The countries represented in the G8 have few problems between them. Many problems stem instead from relations with the states of these lists. This is why, in our opinion, hardly anything will change.

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