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Strengthening Tax Systems

The G20/OECD Base Erosion and Profit Shifting (BEPS) Action Plan has made significant progress to modernise International Tax Rules and G20 countries are committed to finalising this work in 2015. To prevent cross-border tax evasion, the global Common Reporting Standard (CRS) for the Automatic Exchange of Tax Information (AEOI) is being endorsed on a reciprocal basis. G20 countries will begin to exchange information automatically with each other and with other countries by 2017 or end-2018, subject to completing necessary legislative procedures. The G20 welcomes deeper engagement of developing countries in the BEPS project to address their concerns.

Priorities For Turkish Presidency-2015

  • Implementation aspects so to enhance economic resilience and smooth functioning and fair international tax system.
  • Monitoring the implementation of the 2014 deliverables of the Base Erosion and Profit Shifting (BEPS) Project.
  • To ensure a smooth transition to the 2015 deliverables of the BEPS project to secure progress in this field.
  • To enhance inclusiveness of the international tax system improvements, G20 will continue to incorporate the developing country perspective to the G20 tax agenda, with an increased emphasis on bilateral and multilateral cooperation between tax authorities.