Negative effects of internet dating

He said the OECD might draft an international convention to avoid amending thousands of bilateral deals.

If the OECD plans are realized, there will be a major change in international tax planning both for taxpayers and tax professionals, Filinov said.

Gurria pointed out that there are a total of 4,000 bilateral agreements on the subject at the moment.

The initiative, presented by OECD Secretary General Angel Gurria on Friday, won high praise from G20 financial officials and will be submitted to G20 leaders for approval in September.

"The global economy remains too weak and its recovery is still fragile and uneven.

Unemployment remains excessively high in many countries," the communique said.

"There's no recipe for wrapping it up tomorrow or the day after tomorrow or easing it a bit.

It has been around for as long as anyone can remember.

The plan will include "a comprehensive series of structural reforms that will increase productivity, labor force participation and employment," the communique said.

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