OECD agreement promises Fatca for all

infoexchange

A proposed agreement on automatic sharing of tax data between governments, released by the Organisation for Economic Co-operation and Development (OECD), promises to extend the data exchanges included in the US anti-tax-evasion law Fatca to all participating governments – but the full details of how the process will work will not be decided until later this year.

Previous efforts by the OECD, notably the Model Tax Convention, depended on voluntary information exchange. But the new OECD standard

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