G20 en Argentina: Eduardo Baistrocchi Coordinará el Grupo de Trabajo Arquitectura del Sistema Financiero Internacional del C20 2018
International Financial Architecture
The International Financial Architecture (IFA) working group will focus on the international financial and taxation systems and their relationship to five elements: 1) global inequality, 2) sustainable development, 3) resource mobilization, 4) harmful competition among countries and 5) the fight against illicit financial flows.
The IFA working group will address the new transparency developments, including automatic exchange of bank account information and beneficial ownership registration, as well as the identification and countermeasures against tax havens. In relation to taxation, we will discuss the new measures to tackle tax avoidance by multinational entities (e.g., the G20 OECD Base Erosion and Profit Shifting (BEPS) Action Points) and the challenges posed by the digital economy as well as the consequences of imposing arbitration on developing countries as a way to solve tax conflicts. Technological innovation will be considered to identify new tools to help towards achieving our goals of enhancing financial and tax transparency (e.g., big data and artificial intelligence) as well as new risks created by crypto-currencies. The challenges of debt restructuring processes for vulnerable countries will also be addressed. In addition, we will consider whether the current international framework and institutions that govern and set international rules regarding these issues are fit for purpose, and how to ensure that all voices, including those of developing countries and civil society, are heard in a meaningful way.