❖ The G20 Finance Ministers and Central Bank Governors met in Rio de Janeiro, Brazil.

❖ It released a stand-alone Tax Declaration on international tax cooperation.

❖ The Declaration applauds domestic tax reforms by several G20 countries to tackle inequalities and promote fairer and more progressive taxation systems.

❖ It includes a vow to strengthen domestic reforms through peer support and the sharing of best practices.

❖ The Declaration calls for the swift implementation of the Crypto-Asset Reporting Framework (CARF) and revisions to the Common Reporting Standard (CRS) by jurisdictions.