Countries should Unite to fight tax Evasion

A number of issues were discussed in the G-20 meeting held in Mexico City. Germany and the United Kingdom were among the countries present in the meeting.

They have come with a suggestion that the biggest economies of the world should come together and take measures against tax evasion with regard to internet commerce. George Osborne, who is the U. K. Treasury chief, has confirmed the above mentioned statement.

He affirmed that they have just discussed the matter in the meeting. Osborne along with Wolfgang Schauble, who is the German Finance Minister, said that by proposing the above mentioned idea, they are not scaring businesses.

They just want that businesses should pay for what they use and owe. "International tax standards have had difficulty keeping up with changes in global business practices, such as the development of e-commerce", both said.

Tax evasion problem is not being faced by a single country, but by majority of the countries. This was the reason that countries should unite and fight against tax evasion and revenue-shifting schemes.

No measures were discussed in the meeting, which will be taken to fight tax evasion. It seems that once the proposal gets approval then the measures will be decided.


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