The Organisation for Economic Co-operation and Development (OECD) has won backing from the G20 group of industrialised nations for the first internationally co-ordinated attempt to clamp down on tax avoidance.
The Group of Twenty Finance Ministers and Central Bank Governors (G-20, G20, Group of Twenty) is a group of finance ministers and central bank governors from 20 major economies: 19 countries plus the European Union, which is represented by the President of the European Council and by the European Central Bank.