TaxCorporate Tax€100bn windfall if G20 tackles tax evasion

€100bn windfall if G20 tackles tax evasion

Think-tank OECD believes global co-operation could have a huge impact on tackling tax evasion

A €100BN (£86.5bn) windfall could swell G20 coffers if an assault on tax evasion is launched, according to Paris-based think-tank the OECD.

A survey of 20 rich and poor countries found that anti-evasion measures had recouped $14bn in unpaid tax on assets worth up to €150bn. OECD tax policy and administration director said the figure was the ‘tip of the iceberg’ with hundreds of billions of dollars likely to be held offshore, reported The Guardian.

More G20 governments yesterday agreed to co-operate on tax evasion, signing up to an anti-tax evasion convention.

Related Articles

Global tax avoidance convention set to be signed by over 60 jurisdictions

Corporate Tax Global tax avoidance convention set to be signed by over 60 jurisdictions

6m Emma Smith, Managing Editor
CIoT calls for two year delay to changes to tax relief for corporate interest expense

Corporate Tax CIoT calls for two year delay to changes to tax relief for corporate interest expense

1y Richard Crump, Writer
Roy-Chowdhury: International tax policy should be closely aligned with the EU

Corporate Tax Roy-Chowdhury: International tax policy should be closely aligned with the EU

1y Chas Roy-Chowdhury
OECD pursues input on multilateral instrument

Administration OECD pursues input on multilateral instrument

2y Fraser Simpson, Reporter
Government deliberates secondary adjustment to transfer pricing rules

Administration Government deliberates secondary adjustment to transfer pricing rules

2y Fraser Simpson, Reporter
Panama commits to share financial account information

Administration Panama commits to share financial account information

2y Richard Crump, Writer
Tax transparency plans adopted across Europe

Administration Tax transparency plans adopted across Europe

2y Fraser Simpson, Reporter
Bermuda falls in line with OECD tax reporting agreement

Administration Bermuda falls in line with OECD tax reporting agreement

2y Fraser Simpson, Reporter