G8 L'Aquila Responsible Leadership for a Sustainable Future: Statement

Sectors : Tax regulation and illicit financing, Transparency and accountability
Organisation : G8
Date made: 
Heads Of State
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Commitments in: Governance - Tax regulation and illicit financing

“16. ...We are making progress in promoting tax information exchange and transparency across the globe, which is helping to widen the acceptance of internationally agreed standards on the exchange of tax information and increase the number of bilateral agreements signed by several jurisdictions.”

17. Echoing the call of the G-20, an appropriate follow up framework is needed to fully benefit from this renewed emphasis on tax information exchange and transparency...

c. participation to the Global Forum should be expanded;

d. recognising the particularly damaging effects of tax evasion for developing countries, concrete progress needs to be made towards enabling developing countries to benefit from the new co-operative tax environment, including through enhanced participation in the Global Forum and the consideration of a multilateral approach for exchange of information;” 


“107. We will continue to support partner countries’ efforts to increase domestic revenues through modernized tax and customs regulations, improved revenue collection capacities and effective fight against tax evasion, illegal financial flows and corruption. We will enhance cooperation on financial transparency and tax information exchange.”



...b) ... We will also support capacity building for improved financial and legal systems, to provide for the necessary tax reforms and for better international cooperation in the fight against tax evasion...”