International Tax Transparency Is Gaining Momentum
November 25, 2013, 10:44 AM EST
Law360, New York (November 25, 2013, 10:44 AM EST) -- At the St. Petersburg summit on Sept. 5 and 6, 2013, the G20 leaders drove forward the initiative for a global model of automatic exchange of tax information. In addition, they endorsed the action items of the action plan on base erosion and profit shifting issued by the Organization for Economic Co-operation and Development (OECD) on July 19, 2013 (BEPS Action Plan).
Parallel to the BEPS Action Plan, the OECD worked on proposals for a global und uniform system of an automatic exchange of information which...