Fighting corruption and tax evasion at the international level
Overview of the visit to Washington by Minister of the Economy, Finance and Industry Michel Sapin.
During the G20 and other meetings, Michel Sapin worked with his European partners to better coordinate international efforts to combat tax evasion.
The IMF and World Bank Spring Meetings were marked by the revelations of the Panama Papers. These led the G20 – at the strong urging of European finance ministers – to adopt an ambitious agenda to combat tax evasion and promote greater transparency.
Shared instruments with the OECD
The G20 countries asked the Global Forum and the FATF to present proposals at the G20 meeting in October to improve international norms on transparency, particularly with regard to the accessibility of information concerning actual beneficiaries, and the exchange of information at the international level.
The G20 also decided to grant itself new tools to ensure the effective implementation of its commitments. It asked the OECD to establish objective criteria by July, the month of its next meeting, to identify non-cooperative jurisdictions in the area of fiscal transparency. The G20 countries will subsequently consider defensive measures against non-cooperative jurisdictions if the Global Forum determines that no progress has been made.
Fighting corruption at the international level
Greater transparency in public decision-making and economic life, with better protection for whistle-blowers, and stepping up the fight against corruption, particularly at the international level, are the focus of the bill on transparency, the fight against corruption, and the modernization of economic life known as Sapin 2, which was submitted to the Council of Ministers on March 30.
In this regard, American methods of combating corruption, particularly at the extraterritorial and international levels, were the subject of a meeting with Charles Duross, the former head of the U.S. Justice Department’s Foreign Corrupt Practices Act unit. The minister also obtained his feedback on whistle-blowers, who are particularly numerous in the United States. He also met with Senator Elizabeth Warren of Massachusetts to discuss the regulation of lobbying.