22 Jul 1313 Australia and Britain agree joint agenda to address global tax avoidance
In a joint media release No 2013/009 issued on 20 July 2013, the Treasurer, Chris Bowen, and the UK Chancellor of the Exchequer, George Osborne, announced that Australia and Britain have agreed a shared agenda to combat tax avoidance and evasion. Britain has made this a priority for its G8 presidency this year; Australia will make it a priority for its G20 presidency next year.
Australia will join the pilot scheme for the multilateral exchange of tax information established by Britain along with France, Germany, Italy and Spain in April 2013. This pilot will allow for automatic information exchange between participating countries, helping Australian and other tax authorities to fight international tax evasion.