GLOBAL TAX INFORMATION EXCHANGE MOVES CLOSER
July 5th, 2014
The Organisation for Economic Co-operation and Development (OECD) has issued the full version of new global guidance for governments swapping financial data to tackle tax evasion. The Standard for Automatic Exchange of Financial Account Information in Tax Matters urges governments to collect detailed account information from financial institutions and to exchange this automatically and annually with other jurisdictions. Under the system, assistance is to be given to help less developed countries to implement the standard. The OECD will present the standard to G20 ...
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