Standard audit
The progress on offshore tax centres at the G20 in London in April has fuelled international momentum to develop common principles and standards on integrity, transparency and propriety for a whole range of global challenges, including investment, the environment, labour and health.
The OECD and four other global institutions-the International Labour Organization, the International Monetary Fund, the World Bank and the World Trade Organization-joined forces to bring together the far-reaching and comprehensive set of policy rules that they have developed over decades into a single, accessible and coherent inventory. Reviewing this dense armoury in light of the crisis should help identify gaps and see which areas in the global framework need strengthening, perhaps by developing new standards. The inventory will be an important aid in promoting progress on sustainable growth.
For more details, see www.oecd.org/G20
See in particular the Progress report on tax heavens
©OECD Observer No. 272, April 2009
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