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Exchange of information is an important tool in fighting non-compliance with the tax laws in an increasingly borderless world. The Committee on Fiscal Affairs is working to improve exchange of information both from a legal and a practical perspective.
Find out more.
What's new
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23-May-2012
Colombia and Mexico are a step closer to benefiting from cross border tax co-operation and information sharing. Colombia has signed, and Mexico has deposited its instrument of ratification for the Multilateral Convention on Mutual Administrative Assistance in Tax Matters.
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11-May-2012
Senior tax officials from OECD countries met in Montreal on 8-10 May 2012 to discuss unintended double non-taxation due to the use of hybrid mismatch arrangements. The meeting was organised by the Canada Revenue Agency (CRA) in cooperation with the OECD.
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05-Apr-2012
The Global Forum on Transparency and Exchange of Information for Tax Purposes has just completed peer reviews of 11 jurisdictions. This brings to 70 the number of peer review reports completed since March 2010.
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05-Mar-2012
Aggressive tax planning – untaxed income, multiple deductions and other forms of international tax arbitrage - is a growing concern for all governments.
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01-Mar-2012
Costa Rica has signed the Convention on Mutual Administrative Assistance in Tax Matters, a multilateral agreement developed jointly by the Council of Europe and the OECD that was opened for signature to all countries in June 2011.
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27-Feb-2012
India has ratified the Convention on Mutual Administrative Assistance in Tax Matters, a multilateral agreement developed jointly by the Council of Europe and the OECD that was opened for signature to all countries in June 2011.
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22-Feb-2012
Greece has signed the Convention on Mutual Administrative Assistance in Tax Matters, a multilateral agreement that was developed jointly by the Council of Europe and the OECD and that is open for signature to all countries.
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26-Jan-2012
India has signed the Convention on Mutual Administrative Assistance in Tax Matters, a multilateral agreement which promotes international co-operation while respecting the rights of taxpayers.
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07-Nov-2011
At the Financial Regulation Session of the G20 Leaders Summit, Secretary-General Gurría spoke about 'fairness in taxation'.
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04-Nov-2011
Tax Transparency 2011: Report on Progress, a report prepared by the Global Forum on Transparency and Exchange of Information for Tax Purposes, was delivered to the G20 in Cannes and is now available to journalists.
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03-Nov-2011
All G20 governments have now agreed to a multilateral Convention to tackle tax evasion more effectively.
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26-Oct-2011
“At a time of stalled economies and a crisis of politics, your collective tax work is a tangible example of countries moving together in a mutually beneficial direction that will help those trying to extricate themselves from the crisis. Governments have signed more than 700 agreements to exchange tax information. And we know these agreements have already yielded €14 billion in additional revenues, to 20 countries, from more than 100 000 tax payers who had hidden assets offshore.”
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26-Oct-2011
We no longer talk about commitments to change; today, we are making change happen. We are implementing the now universally accepted international standard of transparency and exchange of information, said OECD Secretary-General.
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11-Oct-2011
Officials from revenue bodies, the banking sector and OECD met in Rome on 10-11 October to discuss ways to enhance the relationship between tax administrations and the banking industry and thus improve tax compliance.
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12-Sep-2011
Furthering efforts to fight against international tax evasion and bank secrecy, members of the Global Forum on Transparency and Exchange of Information for Tax Purposes have issued 12 new peer review reports.
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30-Aug-2011
Due to the recent financial and economic crisis, global corporate losses have increased significantly. Numbers at stake are vast, with loss carry-forwards as high as 25% of GDP in some countries. Though most of these claims are justified, some corporations find loop-holes and use ‘aggressive tax planning’ to avoid taxes in ways that are not within the spirit of the law.
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04-Jul-2011
Costa Rica has recently signed agreements allowing for exchange of tax information with Australia and the Nordic economies, bringing its total network of exchange of information treaties to 12 and moving it to the list of jurisdictions considered to have substantially implemented the internationally agreed tax standard.
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20-Jun-2011
Vanuatu has recently signed an agreement allowing for exchange of tax information with Ireland, bringing its total network of exchange of information treaties to 12 and moving it to the list of jurisdictions considered to have substantially implemented the internationally agreed tax standards.
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01-Jun-2011
The Global Forum on Transparency and Exchange of Information for Tax Purposes has issued peer review reports on Hungary, France, the Isle of Man, Italy, New Zealand, the Philippines, Singapore, Switzerland, and the United States.
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01-Jun-2011
Today, new amendments to the multilateral Convention on Mutual Administrative Assistance in Tax Matters open the Convention to all countries, allowing them to benefit from cross border tax co-operation and information sharing.
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21-Mar-2011
Oslo conference on Tax and Crime, 21-23 March, launches a whole of government approach in fighting financial crime.
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01-Feb-2011
Aggressive tax planning is a major risk to the revenue base of many countries. Countries have developed a number of strategies to deal with aggressive tax planning. This report, approved by all OECD members, covers a range of approaches from mandatory disclosure rules to forms of co-operative compliance. The report provides a toolkit for those concerned with aggressive tax planning and recommends a careful review of the different approaches to inform both tax policy and compliance.
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12-Nov-2010
In his presentation of the Report on progress made against international tax evasion to G20 Finance Ministers, Pier Carlo Padoan noted that 500 information exchange agreements have been signed since last ministerial meeting in Gyeonju. More than 40 peer reviews have been initiated of which 8 are completed.
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27-Oct-2010
Vast amounts of tax are lost to offshore tax evasion every year. This publication shows how 39 countries (all OECD members as well as Argentina, China, India, Russia, and South Africa) deal with offshore tax evasion. What penalties are imposed, what interest rate is charged, what tax is due, what is the risk of criminal prosecution and imprisonment? This publication further addresses the issue of how best to design such initiatives.
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from 28-Sep-2010 to 30-Sep-2010
More than 200 delegates will meet to discuss the first Peer Review Reports - Bermuda, Botswana, the Cayman Islands, India, Jamaica, Monaco, Panama and Qatar - and to adopt the Annual Assessment of the progress made. The Global Forum will also consider expanding its membership and will adopt a report to the G20 on the progress made towards tax transparency.
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16-Sep-2010
On 8 February 2010 the OECD released for public comment draft documentation (Implementation Package) for implementing a streamlined procedure for portfolio investors to claim reductions in withholding rates pursuant to tax treaties or domestic law in the source country. The draft documentation was developed to provide standardised documentation that could be used by countries that wish to adopt the “best practices” described in a report released by the OECD on 12 January 2009. The OECD has now published the comments received on this draft Implementation Package.
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18-Aug-2010
As a result of details provided to the Global Forum on Transparency and Exchange of Information for Tax Purposes, Brunei is now ranked in the category of jurisdictions that have substantially implemented the internationally agreed tax standard.
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03-Jun-2010
As a result of details provided to the Global Forum on Transparency and Exchange of Information for Tax Purposes, Brazil and Indonesia are now ranked in the category of jurisdictions that have substantially implemented the internationally agreed tax standard.
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27-May-2010
The OECD and the Council of Europe have developed a Protocol amending the multilateral Convention on Mutual Administrative Assistance in Tax Matters. Today, the updated Convention was presented to Ministers and Ambassadors attending the annual OECD Ministerial meeting held in Paris and was signed by 11 countries already Parties to the Convention (Denmark, Finland, Iceland, Italy, France, Netherlands, Norway, Sweden, Ukraine, the United Kingdom and the United States). In addition, Korea, Mexico, Portugal and Slovenia signed both the Convention and the amending Protocol.
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06-Apr-2010
The OECD and the Council of Europe have agreed on an update to an international treaty that aims to help governments enforce their tax laws, as part of the worldwide drive to combat cross-border tax evasion.
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