This is the official communique of the G20 leaders at the occasion of the 2016 G20 Summit held in Hangzhou, China held on the 4 – 5th of September. The summit was running under the theme “Toward an innovative, invigorated, interconnected, and inclusive world economy” .The leaders pledged to work for a fair global tax system, check illicit flow of cross-border money. India, China, the US and other G20 leaders pledged to continue to work for a globally fair and modern international tax system, foster growth and refrain from competitive devaluation of currencies. They vowed to continue working on addressing cross-border financial flows derived from illicit activities, including deliberate trade misinvoicing, which hampers the mobilisation of domestic resources for development. The leaders said they would continue their support for international tax co-operation to achieve a globally fair and modern international tax system and foster growth, including advancing ongoing co-operation on Base Erosion and Profit Shifting (BEPS), exchange of tax information, tax capacity-building of developing countries and tax policies to promote growth and tax certainty. Fighting corruption, black money and tax evasion were key to effective financial governance and G20 needs to act to eliminate safe havens for economic offenders, and extradite money launderers and break down the web of complex international regulations and excessive banking secrecy that hide the corrupt and their deeds.