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22/09/2003 - The OECD Council considered, on 18 September 2003, two issues relating to access to bank information for tax purposes. Further information of this subject can be found in the Committee on Fiscal Affairs' 2003 Progress Report which follows up on the 2000 Bank Report.
The Council of the OECD, at its meeting of 18 September 2003:
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noted that a draft Recommendation on improving access to bank information for tax purposes was put for decision by Council and that there was no consensus on it;
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noted that 28 Member countries were able to accept the common understanding of tax fraud and 26 were able to agree to take appropriate initiatives to achieve, by 31 December 2005, access to bank information for the verification of tax liabilities and other tax administration purposes;
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noted further the importance of the OECD's ongoing work on taxation.
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