18:28 GMT +322 May 2017
Live
    Japanese Prime Minister Shinzo Abe addresses a joint meeting of the U.S. Congress on Capitol Hill in Washington, April 29, 2015

    Japan's Prime Minister Calls for Crackdown on Tax Evasion at G7 Summit

    © REUTERS/ Gary Cameron
    World
    Get short URL
    0 11522

    Japanese Prime Minister Shinzo Abe called on Thursday for the consistent implementation by each of the G7 countries of measures against tax evasion.

    SHIMA (Japan) (Sputnik) Shinzo Abe spoke in the wake of the April scandal involving the Panamanian company Mossack Fonseca that allegedly helped clients evade taxes through offshore schemes. Earlier this month, Japan and Panama reached an understanding on how to share tax and shell firm data.

    It is important for each G7 state to take full diligent measures to prevent tax evasion, as well as boost global economic growth, Abe said at the summit, as quoted by Kyodo news agency.

    Abe added that the timing of economic reforms depended on the specific conditions of each country. In turn, the G7 leaders agreed to promote structural reforms and recognized the need for financial flexibility to achieve growth of the world economy.

    The G7 summit is currently underway in the Japanese city of Shima, bringing together the leaders of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States, as well as representatives of the European Union.

    Related:

    Panama to Lead Way in Fight Against Tax Evasion Amid Offshore Leaks
    Cameron to Toughen Anti-Tax Evasion Laws Amid #PanamaPapers Offshore Row
    Leaky Vessel: Shady Tax Evasion Schemes from Scandinavia's Largest Bank
    French Ex-Finance Minister’s Tax Evasion Trial Opens in Paris
    Tags:
    tax evasion, Shinzo Abe, Japan
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment