OECD drafts principles on exchange of tax information
Result of global forum on transparency and exchange of information.
March 20, 2009 — In today's difficult economic environment, growing political attention is being brought to bear on the issue of tax co-operation. G-20 Heads of States and Government, at their Washington Summit on 15 November 2008, identified the need, on the basis of work carried out by the OECD, to vigorously address the issues of lack of transparency and lack of exchange of information. . .
Because of this expertise, and following the G20 Washington Summit Action Plan, the OECD was asked to draw up a paper setting out the current situation with regard to international tax cooperation. Accordingly, the Secretariat prepared a summary of information already contained in various reports published by the Organisation as well as in working papers that had been discussed in various subsidiary bodies of the OECD Council.
Among other things, these documents refer to a threshold of 12 agreements signed in accordance with the standard as a good indicator for assessing progress made in applying the standard. The documents were circulated to all 84 jurisdictions participating in the OECD Global Forum on transparency and exchange of information.
The summary of information supplied is factual in nature and implies no judgment on the part of the OECD. In particular, the number of international agreements that conform to the standard on the exchange of information on tax matters is public information. Several jurisdictions do not have a single agreement that complies with the standard. . .
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Links and sources
OECD principles on exchange of information for tax purposes: a model for bilateral conventions, OECD, March 20 2009
OECD work on tax evasion, OECD website, ongoing updates
Posted: March 25, 2009
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