Exchange of information

Chile: Signing Ceremony of the Multilateral Convention on Tax Matters


Remarks by Angel Gurría, OECD Secretary-General


24 October 2013, Santiago, Chile

Minister Larraín, Ladies and Gentlemen,

It is an honour for me and gives me great pleasure to chair this ceremony at which Chile will become a signatory to the Multilateral Convention on Mutual Administrative Assistance in Tax Matters.

Today’s signing is very timely given the recent worldwide political focus on the issue of tax evasion and tax revenue and the importance that this is giving to the OECD’s international co-operation instruments.

In September, G20 leaders adopted the automatic exchange of information as the new global standard. Since then, the OECD and other G20 countries have worked together to make this a reality by developing the operational platform for the new single global standard for automatic exchange of information.

This Convention provides the ideal means to enable all countries to swiftly implement this measure. It is the most comprehensive multilateral tax instrument available, given that it provides for all forms of administrative assistance including spontaneous exchange of information, simultaneous tax examinations and assistance in tax collection.

The Convention not only constitutes a valuable tool for governments to fight offshore tax evasion, it also ensures compliance with national tax laws and respects the confidentiality of the information exchanged. In an increasingly globalised and interconnected world, tax co-operation and tax compliance are of crucial importance for all countries and citizens, particularly at a time when governments need to maximise their revenue.

Now, more than ever, countries need to work together to ensure that everybody pays their share of taxes legally due, and they need to use all available tools to do so. In just over two years since the amended Convention entered into force, over 55 countries have signed it, including all G20 countries. We hope that this number will continue to increase.

Minister Larraín, Ladies and Gentlemen,

Today marks an important milestone in the increasing co-operation between Chile and the OECD. We are delighted to be able to continue working closely with you to maximise the benefits which will flow from this Convention. At the same time, this signing symbolizes our rapprochement with Latin America and the Caribbean. Chile is the eighth country in the region to sign this Convention, which shows that we have made progress, but there is still much ground to cover. We hope that this signing will attract the attention of other Latin American countries that want to be included in this important multilateral co-operation instrument.

I congratulate you on the important step you are taking today.

Thank you very much.