G-20 : Le communiqué des Ministres des Finances – Les recommandations de la société civile – Le rapport d’Angel Gurria (OCDE) au G-20 sur les avancées des accords fiscaux internationaux

Le blog de M. Vander Stichele (SOMO) :

Gambling with people’s future? Finance ministers meeting in the casino


Extraits du communiqué des Ministres des Finances (Baden-Baden – 20 mars 2017)


G20 Finance Ministers and Central Bank Governors – March 18, 2017, Baden Baden


  • We will continue our work for a globally fair and modern international tax system. We remain committed to a timely, consistent and widespread implementation of the Base Erosion and Profit Shifting (BEPS) package, welcome the growing membership of the Inclusive Framework on BEPS and encourage all relevant and interested countries and jurisdictions to join. We ask the OECD to report back on the progress of BEPS implementation, including on all the four minimum standards, by the Leaders Summit in July 2017. We look forward to the first signing round on 7 June 2017 of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS and to the first automatic exchange of financial account information under the OECD Common Reporting Standard (CRS), which will commence in September 2017. We call on all jurisdictions to sign and ratify the multilateral Convention on Mutual Administrative Assistance in Tax Matters and urge all relevant jurisdictions including financial centres which have not yet done so to commit without delay to implementing the CRS and to take all necessary actions, including putting in place domestic legislation, in order to start exchanges under the CRS at the latest by September 2018. Furthermore, we look forward to the OECD’s preparation of a list by the Leaders Summit in July 2017 of those jurisdictions that have not yet sufficiently progressed towards a satisfactory level of implementation of the agreed international standards on tax transparency. Defensive measures will be considered against listed jurisdictions. We continue to support targeted assistance to developing countries in building their tax capacity, following in particular the principles of the Addis Tax Initiative, and support the work of the Platform for Collaboration on Tax, which will deliver a progress update by mid-2017.
  • We welcome the international cooperation on pro-growth tax policies and the work on tax and inclusive growth and tax certainty conducted by the OECD and the IMF. We acknowledge the report on Tax Certainty submitted to us and encourage jurisdictions to consider voluntarily the practical tools for enhanced tax certainty as proposed in that report, including with respect to dispute prevention and dispute resolution to be implemented within domestic legal frameworks and international tax treaties. We ask the OECD and the IMF to assess progress in enhancing tax certainty in 2018. As part of the BEPS project, we have undertaken a discussion on the implications of digitalisation for taxation in the OECD Task Force on the Digital Economy (TFDE). We will further work on this issue through the TFDE and ask for an interim report by the IMF and WBG Spring Meetings 2018.
  • As an important tool in our fight against corruption, tax evasion, terrorist financing and money laundering, we will advance transparency of legal persons and legal arrangements via the effective implementation of international standards and the availability of beneficial ownership information in the domestic and cross-border context. In this regard, we welcome the work by the Financial Action Task Force (FATF) and the Global Forum on Transparency and Exchange of Information for Tax Purposes. We look forward to a progress report from the OECD on its work in complementary tax areas relating to beneficial ownership by the time of the Leaders Summit in July 2017. (…)
  • We reaffirm our commitment to rationalise and phase out, over the medium term, inefficient fossil fuel subsidies that encourage wasteful consumption, recognising the need to support the poor. Furthermore, we encourage all G20 countries which have not yet done so, to initiate as soon as feasible a peer review of inefficient fossil fuel subsidies that encourage wasteful consumption.


L’Allemagne aux commandes du G-20 (17 mars 2017) – les recommandations de la société civile en matière de taxes et de finance :


Comment le G-20 mange dans la main des puissants …

(com. Somo) – 17 March 2017

The G20 finance ministers meet today and tomorrow in the casino (!) of a sunny Baden Baden in secret, They do not have the ambition to further reform the financial system that still has many casino characteristics and allows many speculative activities (high frequency trading, shorting, derivatives trading etc.)

They completely ignore the voice of civil society even if concrete demands by the Civil Society organised in the context by the G20 (C20), see http://civil-20.org/main/wp-content/uploads/2017/03/Finance.pdf

In contrast, the last two days the forceful financial lobby organisation, the IIF, organised a big B20 conference where several Finance Ministers came to have a dialogue with the financial industry CEO and representatives. Even the German Finance Minister Shauble came especially for an hour to Frankfurt while he already declined to come to the C20 summit in June! Worse, this IIF-B20 conference was organised together with the German G20 presidency. This is an example of complete regulatory capture, which is one of the causes of the financial crises.

In the mean time, the demands and concerns from those who feel the consequences a financial system that is still crisis-prone and most beneficial for the rich are not being heard.