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Commissioner Šemeta welcomes G20 Finance Ministers' commitments on new measures to fight tax evasion and avoidance

EU News 346/2013

Brussels, 20 July 2013

I warmly welcome the G20 Finance Ministers' commitments today on concrete measures to better tackle tax evasion and corporate tax avoidance worldwide.

This confirms a paradigm shift in international taxation – one that will make it fairer, more effective and better equipped for the 21st century economy.

The OECD's Action Plan to tackle Base Erosion and Profit Shifting is the right approach to curbing corporate tax avoidance worldwide.

The BEPS Action Plan complements the measures put forward by the Commission to tackle aggressive tax planning in the EU, which European leaders endorsed in May.

It fully supports our common objectives to ensure that everyone pays their fair share of tax – whether large multinational or small corner shop – and that taxation reflects where economic activity takes place. It also fills important gaps that can only be effectively dealt with at international level.

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