CHINA JOINS INTERNATIONAL EFFORT TO END TAX EVASION
July 1st, 2013
CHINA LAST month signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters developed by the OECD and the 47-member state Council of Europe. All G20 countries have now fulfilled commitments made at the 2011 G20 Summit in Cannes, France, to sign the Convention and progress towards automatic exchange of information as a global standard. The Convention also provides for spontaneous exchange of information, simultaneous tax examinations and assistance in tax collection. It is presented as a valuable tool to fight offshore tax evasion while ...
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