<h1>International taxation cooperation urged to protect tax bases through joint BRICS standards and sustained exchange of tax information.</h1> The speech urges BRICS to (1) develop an assessment framework for G20 commitments and prioritize employment and infrastructure investment; (2) review and, if necessary, augment Global Financing Safety Nets while pressing for timely IMF governance and quota reforms and consistent, candid surveillance; (3) coordinate on international taxation, transfer pricing and tax avoidance through common standards, wider adoption of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, and designated national points of contact for information exchange; and (4) form a Working Group to examine the feasibility of a new Development Bank and report back before the next Summit.