John Riva Partner KPMG Channel Islands looks into the revived popularity of bilateral tax information exchange agreements
At the beginning of the century a total of 35 offshore financial centres including Jersey committed to work with OECD countries under the auspices of the OECD's Global Forum on Taxation to improve transparency and to establish effective information exchange for tax purposes. The majority of these jurisdictions agreed to enter into bilateral tax information exchange agreements (TIEAs) with other OECD countries on civil and criminal tax matters by 31 December 2005. The main condition was that there would be a 'level playing field' amongst the 35 jurisdictions the OECD countries and certain other countries with which the offshore financial centres were materially in competition for the provision of cross-border financial services. However ...
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John Riva Partner KPMG Channel Islands looks into the revived popularity of bilateral tax information exchange agreements
At the beginning of the century a total of 35 offshore financial centres including Jersey committed to work with OECD countries under the auspices of the OECD's Global Forum on Taxation to improve transparency and to establish effective information exchange for tax purposes. The majority of these jurisdictions agreed to enter into bilateral tax information exchange agreements (TIEAs) with other OECD countries on civil and criminal tax matters by 31 December 2005. The main condition was that there would be a 'level playing field' amongst the 35 jurisdictions the OECD countries and certain other countries with which the offshore financial centres were materially in competition for the provision of cross-border financial services. However ...
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