The Secretary of State met the Chancellor of the Exchequer in early September as part of ongoing preparations for the autumn G20 meetings to discuss progress on G20 commitments and priorities for the next leaders' meeting.
Since the London Summit positive progress has been made to deliver on the commitment to create a new co-operative tax environment for developing countries. The 1-2 September meeting of the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes included developing country issues. Participants agreed that developing countries will have access to membership of the Global Forum, and participate on an equal footing with OECD members. They also noted progress on projects to develop a multilateral mechanism for tax information exchange and agreed to submit a report about how this would work to the G20 Finance Ministers meeting in November. The Communiqué from the September G20 Finance Ministers meeting reaffirmed support for this commitment. I also refer the hon. Member to the statement made on this matter by the Chancellor of the Exchequer on Wednesday 9 September 2009, Official Report, column 135WS.