OECD STRIKES GLOBAL DEAL ON AUTOMATIC TAX INFORMATION SHARING

THE ORGANISATION for Economic Cooperation & Development (OECD) has hailed the agreement today of an agreement to automatically share tax information on individuals by the year 2018. A press conference in Berlin, following a meeting of the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes, was told 92 countries had signed up, with 58 agreeing to put exchange systems in place by 2017. Welcoming the deal, German finance minister Wolfgang Schäuble said: “The object is to ensure tax evasion is no longer worth it.” And OECD ...


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