Effective use of Automatic Exchange of information – a role for Tax Inspectors Without Borders

Tuesday 26th of November marked an important milestone for the Organisation for Economic Co-operation and Development and the United Nations Development Programme Tax Inspectors Without Borders initiative (TIWB) with the launch of a project on automatic exchange of information (AEOI). The project, which will be co-ordinated with the Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum), was unveiled during its 10th Anniversary Meeting in Paris, France. This ...
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10th Anniversary Meeting of the Global Forum: “International community has achieved unprecedented success fighting offshore tax evasion”

On 26-27 November, the 10th Anniversary Meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) in Paris brought together more than 500 delegates from 131 member jurisdictions for renewed discussions on efforts to advance the tax transparency agenda. This was announced in a press release on the website of the OECD. From the press release: Ten years since the G20 declared the end of banking ...
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OECD Secretary-General Tax Report to G20 Finance Ministers

On 9 October 2019 the OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors was released. From the Overview in the report: “Overview G20 support for modernising the international tax rules has been instrumental over the past 10 years in ending bank secrecy, considerably improving tax co-operation, and strengthening the rules to counter base erosion and profit shifting (BEPS) by multinational companies. However, further progress is needed ...
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Boosting tax morale – so people and businesses pay tax

The willingness of individuals and businesses to voluntarily pay tax can be improved through better understanding of the complex interlinkages between enforcement, trust in government and the ease of compliance, according to a new report from the OECD. The release of the report was announced in a press release dated 11 September 2019 on the website of the OECD. Tax Morale: What Drives People and Businesses to Pay Tax? assesses the ...
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Global Forum on tax transparency reveals new compliance ratings for nine jurisdictions

On 30 July 2019, the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) published nine peer review reports assessing compliance with the international standard on transparency and exchange of information on request (EOIR). This was announced in a press release published on the website of the OECD. These reports are part of the second round of Global Forum reviews, which assess jurisdictions against the ...
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OECD Secretary-General report to G20 Finance Ministers and Central Bank Governors

On 8 June 2019, the OECD released the 2019 OECD Secretary-General Report to G20 Finance Ministers and Central Bank Governors. The report contains a brief overview provided by the Secretary-General (see hereafter) as well as tables and overviews regarding the status of various actions. Aruba Aruba is being welcomed as one of the 13 new members of the OECD/G20 Inclusive Framework on BEPS, since the last report of the Secretary-General ...
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Implementation of tax transparency initiative delivering concrete and impressive results

International efforts to improve transparency via automatic exchange of information on financial accounts are improving tax compliance and delivering concrete results for governments worldwide, according to new data released on 7 June 2019 by the OECD. More than 90 jurisdictions participating in a global transparency initiative under the OECD’s Common Reporting Standard (CRS) since 2018 have now exchanged information on 47 million offshore accounts, with a total value of around ...
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Documentation regarding removal of Aruba from the EU list of non-cooperative tax jurisdictions

Last week it was announced that Aruba has been removed from the EU list of non-cooperative jurisdictions for tax purposes. We now have access to the relevant official documents of the Council of the European Union. The removal was formalized in a Note from the General Secretariat of the Council of the European Union to Permanent Representatives of the Committee/Council, 15 May 2019 and the final description and assessment of ...
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EU updates list of non-cooperative tax jurisdictions. Aruba among the countries that have been moved from the grey list to the blacklist

EU Finance Ministers have updated the EU list of non-cooperative tax jurisdictions, based on an intense process of analysis and dialogue steered by the Commission. The list has proven a true success with many countries having changed their laws and tax systems to comply with international standards. This was announced in a press release dated 12 March 2019 as published on the website of the European Commission. From the press ...
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Peer review reports on the exchange of information on tax rulings: Sint Maarten not assessed as it suffered a natural disaster in 2017

The Inclusive Framework on BEPS has released the 2017 Peer Review Reports on the Exchange of Information on Tax Rulings  (hereafter: the report) in connection with its assessment of individual jurisdictions' progress in spontaneously exchanging information on tax rulings, in accordance with Action 5 of the OECD/G20 BEPS package. The peer review reports show that one key aim of the BEPS Project – increasing transparency on tax rulings - is ...
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Peer review reports on the exchange of information on tax rulings: Aruba mentioned in relation to TIEA’s and exchange of information with other countries

The Inclusive Framework on BEPS has released the 2017 Peer Review Reports on the Exchange of Information on Tax Rulings  (hereafter: the report) in connection with its assessment of individual jurisdictions' progress in spontaneously exchanging information on tax rulings, in accordance with Action 5 of the OECD/G20 BEPS package. The peer review reports show that one key aim of the BEPS Project – increasing transparency on tax rulings - is ...
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Peer review reports on the exchange of information on tax rulings: country profile on Curaçao

The Inclusive Framework on BEPS has released the 2017 Peer Review Reports on the Exchange of Information on Tax Rulings  (hereafter: the report) in connection with its assessment of individual jurisdictions' progress in spontaneously exchanging information on tax rulings, in accordance with Action 5 of the OECD/G20 BEPS package. The peer review reports show that one key aim of the BEPS Project – increasing transparency on tax rulings - is ...
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Transparency on tax rulings significantly increased, according to OECD peer reviews on BEPS Action 5 minimum standard

As part of continuing efforts to improve tax transparency, the Inclusive Framework on BEPS has now assessed 92 individual jurisdictions' progress in spontaneously exchanging information on tax rulings, in accordance with Action 5 of the OECD/G20 BEPS package. This was announced by the OECD in a press release dated 13 December 2018. From the press release: The 2017 Peer Review Reports on the Exchange of Information on Tax Rulings show that one ...
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Global Forum on Tax Transparency marks a dramatic shift in the fight against tax evasion with the widespread commencement of the automatic exchange of financial information

The Global Forum on Transparency and Exchange of Information for Tax Purposes held its annual meeting in Punta del Este, Uruguay on 20-22 November, bringing together over 200 delegates from more than 100 jurisdictions, international organisations and regional groups to strengthen further the international community’s fight against tax evasion.  This was announced with a press release published on the website of the OECD. The meeting marked the widespread rollout of automatic exchange of ...
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Latin American Ministers launch regional initiative to combat tax evasion and corruption

On 19 November, Uruguay’s Minister of Economy and Finance Danilo Astori hosted a discussion with Ministers, high level representatives and senior officials from Latin America on how to strengthen regional efforts to combat tax fraud and corruption. This was announced in a press release published on the website of the OECD. From the press release: The meeting concluded with the signing of the Punta del Este Declaration in which the Ministers and Deputy ...
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