Market leading insight for tax experts
View online issue

OECD Paris meeting: ‘super-FATCA’ is coming soon

The news that the Organisation for Economic Co-operation and Development (OECD) is working to develop a draft common reporting standard (CRS) and a model competent authority agreement (‘model CAA’) to enable the multilateral automatic exchange of financial account information should be welcomed by financial institutions and account holders. The OECD is well placed to develop a standardised solution and this is important because without standardisation there is a danger of fragmentation of approach design and implementation with associated cost ramifications for all parties.

The OECD’s work is born out of the FATCA initiative developed by the US and by the subsequent drive arising from the call by the G5 (France Germany Italy Spain and the UK) to develop a multilateral automatic tax information exchange pilot. Since the date...

If you or your firm subscribes to Taxjournal.com, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
EDITOR'S PICKstar
Top