MOSCOW, June 10 (RIA Novosti) – The exchange of information between tax agencies and the fight against tax evasion via offshore shell companies may be key topics at the G20 summit in St. Petersburg in September, Russia’s sherpa to the Group of 20 major economies said Monday.
“The discussion of taxes has been substantially expanding as of late,” Ksenia Yudayeva, who heads the Russian presidential expert department, said at a press conference dedicated to the results of the first six months of Russia’s G20 presidency this year.
“By the time of the G20 summit, [taxes are] likely to become one of the central issues,” she said.
The G20 comprises 19 individual countries plus the European Union. Overall, the group accounts for nearly 90 percent of the world’s GDP and 80 percent of global trade.