G8 Finance Ministers welcome progress in negotiations of agreements on the exchange of information for tax purposes.
In a statement following their 12-13 June meeting in Lecce, Ministers urged further progress in the implementation of the OECD standards and the involvement of the widest possible number of jurisdictions, including developing countries. The Ministers also noted that it is essential to develop an effective peer-review mechanism to assess compliance with the same standards. This could be delivered by an expanded Global Forum. The G8 Ministers also look forward to an update on progress on the G20 agreement to tackle tax havens at the next OECD Ministerial meeting.
Full details for the G8 ministers statement is available here