EU - Global standard against tax evasion, improved tax transparency 

February 24: The European Commission issued a statement in support of an agreement by the G20 Finance Ministers on a new global standard to counter tax evasion and to improve tax transparency worldwide.

As noted in the EC release, the G20 Finance Ministers “gave the green light to the global standard for the automatic exchange of information.” The standard was developed by the OECD.


Implementation plans will be considered by the G20 Finance Ministers at their next meeting, scheduled for September 2014.


The EC release concludes:


Now, the EU must continue to lead by example in tax good governance. We intend to implement the new standard along with those countries which have committed to its early adoption.



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