In a Communiqué by the Meeting of Finance Ministers and Central Bank Governors at the G20 meeting in Moscow on 15-16 February 2013, the Ministers and Governors said they welcomed the OECD report on addressing base erosion and profit shifting and acknowledged that an important part of fiscal sustainability is securing revenue bases. They said they were “determined to develop measures to address base erosion and profit shifting, take necessary collective actions and look forward to the comprehensive action plan the OECD will present to us in July [2013]”.
The meeting strongly encouraged all jurisdictions to sign the Multilateral Convention on Mutual Administrative Assistance. It encouraged the Global Forum on Transparency and Exchange of Information to continue to make rapid progress in assessing and monitoring on a continuous basis the implementation of the international standard on information exchange and look forward to the progress report by April 2013.
[LTN 32, 18/2/13]