OECD RELEASES DATA ON AUTOMATIC EXCHANGE OF INFORMATION

On 7th June, OECD released data showing automatic exchange of information is improving tax compliance.  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 €4.9 trillion.

http://www.oecd.org/newsroom/implementation-of-tax-transparency-initiative-delivering-concrete-and-impressive-results.htm

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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