China signs up to anti-tax evasion pact within G-20
AFPPARIS--China became on Tuesday the last of the G-20 nations to sign up to an international pact to help crack down on tax evasion by stepping up the automatic data exchange, the OECD said.
August 28, 2013, 12:01 am TWN
The Group of 20 advanced and emerging nations pledged two years ago to sign up the pact as they stepped up efforts amid the global crisis to recover billions in funds that slip into offshore tax havens each year.
“Today's signing is both timely and important as the G-20 has endorsed automatic exchange of information as the new global standard,” OECD chief Angel Gurria said in a statement.