ITIO urges equal discussions between OECD and small
International Tax and Investment Organisation (ITIO)
today called upon OECD Finance Ministers meeting in
Paris today to involve small and developing economies
(SDEs) equally in ongoing discussions on global tax
and investment matters.
Eastmond, Director of the ITIO Secretariat, said:
the statement by US Treasury Secretary O'Neill last
week, the future direction of the OECD's harmful tax
competition initiative has been uncertain.
members continue to be firmly opposed to criminal
tax evasion. We are also opposed to the development
of rules that stifle competition.
happens now must be done on a truly inclusive basis,
with developed and developing countries working together
on a level playing field.
OECD's process must be refocused so as to involve
ITIO members and other small and developing economies
equally and by right in setting any new international
current situation, with the OECD threatening sanctions
against small countries while OECD members don't meet
the same standards, must not be allowed to continue."
further information, please contact Ben Coleman
(Tel. +44 20 7526 3603, + 44 7958 616 444)
10 May 2001, Treasury Secretary Paul O'Neill issued
a statement about the OECD's "harmful tax competition
initiative", saying, "The work of this particular
OECD initiative…must be refocused on the core
element that is our common goal: the need for countries
to be able to obtain specific information from other
countries upon request in order to prevent the illegal
evasion of their tax laws by the dishonest few. In
its current form, the project is too broad and it
is not in line with this Administration's tax and
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