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Signatories: Brazil, France, Iceland, India
Problems
1. Lack of transparency between countries
2. The need of screening to list of countries that are tax-
compliant and tax-havens
3. Developing countries lack of capabilites to manage its
taxation system and activity
4. Whistleblowers are often negatively perceived by society
therefore we need to protect their
Solutions
Transparency
a. Recommends Member States to establish the Foreign Account Tax Exchange
(FATE) regulation that requires individuals and corporations to commit to the
implementation of the information exchange agreement regarding the
signatories current financial states with the assistance of international bodies