Overview
OECD to Address Misuse of Residence-and Citizenship-by-Investment Schemes: The OECD announced that recent revelations regarding Maltese residence- and citizenship-by-investment schemes underlined the importance of the OECD’s work to ensure that any circumvention of the OECD/G20 Common Reporting Standard is detected and addressed. The OECD plans to take the next steps in addressing abuse of these schemes when experts from OECD and G20 countries meet in Paris this May.
Treasury Secretary Mnuchin Urges IMF to Address Global Trade Practices: Today, Treasury Secretary Steve Mnuchin spoke at the 2018 Spring Meeting of the International Monetary Fund World Bank Group (IMF), urging the organization to address global trade imbalances and to develop an action plan on debt transparency and sustainability.