International Tax Cooperation – Think7 Summit

Offshore wealth has become a first-order political and economic problem, as it is draining resources in all countries, worsening inequalities and damaging public trust. Lacking transparency in the international financial system is a major challenge to track all hidden wealth. G7 and G20 countries can play a decisive role by committing to address this issue, including by developing and deploying a rapid plan to implement a Global Asset Registry. This would link all national beneficial ownership registries around the world. This panel discussion will address the current debate on global tax avoidance and discuss policy proposals to implement a Global Asset Registry to tackle tax havens once and for all.