OECD unveils global standard for tax-information exchange

02/14/2014 | CGMA Magazine online · Compliance Week · Hill, The

The Organization for Economic Cooperation and Development has developed a standard under which nations can automatically exchange tax information each year. The standard includes a description of the financial account information to be exchanged, as well as the financial institutions that must report the information and the due diligence they must take. The standard was developed in response to Group of 20 countries' growing efforts to clamp down on tax avoidance.

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CGMA Magazine online · Compliance Week · Hill, The

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