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G20 urged to lift banking secrecy

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1G20 urged to lift banking secrecy Empty G20 urged to lift banking secrecy Sat Apr 20, 2013 10:30 am

therealbubbie

therealbubbie
CO-ADMINISTRATOR
CO-ADMINISTRATOR

Urge G20 Finance Ministers Friday the international community to lift banking secrecy and noted that the world economy was to avoid "major risks" but "uneven" in the world.

And the g-20 finance ministers said in a statement following a meeting in Washington to "urge all jurisdictions (States) to move towards the automatic exchange of information" and make this "general rule" should be applied all over the world

In preparation for the lifting of bank secrecy.

Currently, States must provide that the tax agreement details «name» banking institutions for data about an individual suspected draft evaders.

The Ministers also acknowledged in a joint statement that "more needs to be done to address the problems of international tax evasion and tax heavens through."

Asked about the State of the world economy the G20 Ministers said that to avoid "major risks" but the recovery remains "uneven".

They considered that "it requires additional movements to reach a strong and durable growth and balanced
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