Neither Russia nor the West are able to bring their respective clients to the negotiating table. The true progress has been in the greater understanding of each other’s position.
However, on tax, one British official said the communique had “more substance on tax and development than any communique for 20 years.”
Cameron accepted that many will simply see it as words on a page and that there are many “shoulds” and “shalls” as opposed to commitments in the communique, but there is now a process under way.
Among information to be shared will be whom ultimately benefits from shell companies, special purpose vehicles and trust arrangements often employed by tax evaders and money launderers.