Remarks by Angel Gurría,
OECD, Paris, 26 September 2016
(As prepared for delivery)
I would like to thank and congratulate Switzerland for this very important step towards bringing the Multilateral Convention on Mutual Administrative Assistance in Tax Matters into force.
It was only a month ago that we celebrated the achievement of the milestone figure of more than 100 countries and jurisdictions joining the Convention. And, for two-thirds of them, the instrument has already entered into force.
The Convention is the most comprehensive multilateral instrument available for all possible forms of cross-border administrative co-operation on tax matters. It opens the door for co-operation on matters ranging from exchange of information, including automatic exchanges, to the recovery of foreign tax claims.
As soon as the instrument enters into force for Switzerland, your tax authority will have access to a global network of Administrative Assistance partners. It will also give effect to the two multilateral Competent Authority Agreements recently signed by Switzerland; one on “automatic exchange of financial account information” under the Common Reporting Standard (CRS), and the other on “automatic exchange of country-by-country reports”.
These instruments, the Convention and the Agreements, together will become indispensable tools in providing access to the information your tax authority needs to support the global fight against tax evasion and avoidance, both at home and abroad.
This ratification marks the latest move in Switzerland’s significant efforts of recent years to implement the international standards on tax transparency. The strong results, a “Largely Compliant” rating achieved under the recent Global Forum Peer Review for Exchange of Information on Request, is further evidence of that shift.
We look forward to continuing our close collaboration to ensure that Switzerland can fully participate in and benefit from the global level-playing field on tax transparency, which the OECD is working hard to establish.