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Generate QuizWhich G20 initiative focuses on enhancing global tax transparency and combating base erosion and profit shifting (BEPS) by multinational enterprises?
- Financial Inclusion Action Plan
- Tax Transparency and Exchange of Information
- Infrastructure Investment Framework
- Digital Economy Task Force
Answer: Tax Transparency and Exchange of Information
This initiative supports implementation of the OECD/G20 BEPS Project and the Common Reporting Standard (CRS) for automatic exchange of financial account information. It aims to ensure multinationals pay tax where value is created, reducing illicit financial flows and increasing domestic resource mobilization.