The Organisation for Economic Co-operation and Development will hold a meeting in Kyoto in late June to address tax avoidance, government officials said Wednesday. The meeting will come on the heels of the so-called Panama Papers scandal, which cast a spotlight on tax avoidance by prominent politicians and business leaders.
At the two-day gathering from June 30, the Paris-based organization's Committee on Fiscal Affairs is expected to discuss ways to identify nations that are uncooperative on taxation transparency.
The move comes after the Group of 20 economies instructed the OECD to draft criteria by July that identify such jurisdictions.
The OECD will launch a tax information exchange initiative next year between nearly 100 nations worldwide.
The initiative has drawn attention since the Panama Papers revelations, which involved data leaked from a Panama-based law firm that specializes in setting up shell companies.