GLOBAL TAX INFORMATION EXCHANGE NETWORK BECOMES TIGHTER
June 8th, 2014
A SINGLE global standard for automatic information exchange (AIE) between tax authorities worldwide is in the final stages of preparation by the Organisation for Economic Cooperation & Development (OECD). G20 finance ministers will consider it in September before sanctioning its implementation.Described as “a real game changer” by OECD secretary general Angel Gurria, the new AIE system proposed in a February 2014 report (X-REF TO BOXOUT LINK 1) has two main features: a Competent Authority Agreement (CAA), a model agreement for jurisdictions implementing ...
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