G-20 Takes Time Off From Syria Pissing Contest To Tell Developing Nations What To Do

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The G-20 really is trying to tackle some issues of international finance in between other stuff.

The leaders of the world's biggest economies pledged on Friday to help developing nations fight tax evasion by assisting them in tracking funds their citizens hide in tax havens.

The Group of 20 said in a communiqué following a summit in St. Petersburg that it wanted developing countries to sign up to an international convention on the exchange of taxpayer information but acknowledged participating posed logistical and resource challenges for poorer nations.

Under the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, countries will automatically pass information on the financial activities of foreign citizens to the tax authority in those individual's home nation….

Most developing nations have not yet signed up to the Convention and the G20 agreed to share expertise with them and to study other ways to help them come on board.

G20 pledges to help developing countries tackle tax dodging [Reuters]
Together again, Obama and Putin are 'odd couple' at summit [Reuters]
G20 summit: David Cameron responds to Russia's alleged 'small island' jibe [Independent]

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