Bloomberg: G-20 Says Inequality Causes Instability as It Urges Tax Action

18 November 2015

The Group of 20 is set to list inequality as a threat to both global stability and economic growth, as it urges more action against cross-border tax-dodging.

The G20 summit conclusions called not just for “strong, sustainable and balanced growth,” but also for the world’s largest economies to ensure that this growth is “inclusive, job-rich and benefits all segments of our societies.” They went on to call on the Organization for Economic Co-operation and Development to bring developing countries into its tax cooperation project, which is aimed at stopping companies from hiding profits.

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