2009 G20 London summit London Summit and to co-ordinate their actions. The meeting was organised at the initiative of German Chancellor Angela Merkel. The leaders agreed that markets, financial institutions and the wide range of financial assets they create, and hedge funds should be subject to appropriate control. In addition, they called for effective sanctions against tax havens. They also agreed to impose sanctions against countries that intend to undermine their work. Finally, they advocated the doubling of funds available to the IMF. Finance ministers and central bankers of the G20 met in Horsham on 14 March 2009 to prepare for the London Summit.
2014 G20 Brisbane summit Australia will have had a significant effect on the agenda. Mike Callaghan, the director of the G20 Studies Centre at the Lowy Institute for International Policy has stated that if the G20 meeting was to attain significant outcomes it should focus on boosting infrastructure spending, multilateral trading systems and combating base erosion and profit shifting (BEPS). The discussion on tax avoidance had been fuelled by a disclosure of confidential tax agreements between more than 340 multinational corporations and Luxembourg (see also Luxembourg Leaks). At the 2011 G20 Cannes summit, Then-Prime Minister Julia Gillard was asked to have Australia host the