A step change in tax transparency

James Coward

Tax was high on the agenda at last week’s G8 meeting in Northern Ireland and a key area of focus was ‘tax transparency’. However it may be harder to deal with the practical difficulties recognised in the report than is suggested.

On 18 June the OECD published a report commissioned by the G8 titled A Step Change in Tax Transparency which sets out the four steps required in the OECD’s view to put an effective model for automatic information exchange in place:

broad framework legislation;
a legal basis for information exchange;
adapting the scope of reporting and due diligence guidance and coordinating guidance; and
developing common IT standards.

The issue of tax transparency (which at least...

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broad framework legislation;
a legal basis for information exchange;
adapting the scope of reporting and due diligence guidance and coordinating guidance; and
developing common IT standards.

The issue of tax transparency (which at least...

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: