OECD: Information exchange having an effect

Kashflow logo
Nick Huber
Freelance journalist
Share this content

The automatic exchange of financial information between governments and tax authorities is helping to counter tax evasion, but there is room for improvement, according to the Organisation for Economic Co-Operation and Development (OECD).

This was the gist of a report by the Paris-based economic think tank on the automatic exchange of information concerning payments to taxpayers by banks and property purchases.

Governments are sharing financial information in an effort to make it harder for people to evade tax by shuffling money between countries and hiding it offshore.


Please Login or Register to read the full article

The full article is available to registered AccountingWEB.co.uk members only. To read the rest of this article you’ll need to login or register. Registration is FREE and allows you to view all content, ask questions, comment and much more.


Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.