1. No Boost to Tax Reform Efforts Seen with G20 Endorsement of New Global Tax Standard

    The Group of 20 (G20) on September 6 declared its commitment to a new global model for automatic exchange of tax information agreements. The model, which was approved during a summit meeting in St. Petersburg, Russia, was advanced by the U.S. and developed by the Organisation for Economic Co-operation and Development (OECD).

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    1. In an increasingly borderless world, strengthening international cooperation in tax matters is essential to ensuring the integrity of national tax systems and maintaining trust in governments.
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