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G-20 to Pay More Attention to Tax Evasion in 2013, Lipton Says

International tax evasion is likely to be a bigger focus this year under Russia’s Group of 20 presidency, International Monetary Fund First Deputy Managing Director David Lipton said.

“With the mounting economic and fiscal difficulties in the countries, it’s more consequential if someone is evading taxes,” Lipton told reporters yesterday in Washington. “Under the Russian presidency, there will be greater attention to the subject.”

Global finance ministers and central bankers of the G-20, who met in Washington in the past three days, called for coordinated efforts to thwart international tax evasion and urged countries to adopt automatic exchanges of tax-relevant information.

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