UK, France and Germany back global tax rules at G20

France, Germany and the United Kingdom launched a drive for new global rules to clamp down on corporate tax avoidance in February 2013. The three countries sought backing from other countries at a meeting of G20 finance ministers and central bankers in Moscow, 15-16 February 2013.

The finance ministers of the UK, France and Germany - George Osborne, Pierre Moscovici and Wolfgang Schaeuble - said international action was needed to crack down on companies which transfer profits from their home country to another in order to pay lower taxes.

Website: G20 Information Centre http://www.g20.utoronto.ca/

OECD: Press Release, 12.02.13: OECD urges stronger international co-operation on corporate tax http://www.oecd.org/newsroom/oecd-urges-stronger-international-co-operation-on-corporate-tax.htm

OECD: Centre for Tax Policy and Administration: Base Erosion and Profit Shifting http://www.oecd.org/ctp/beps.htm

---