€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.