• A boost to transparency and international tax co-operation

    22-11-2013

    The Sixth Meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes took place in Jakarta, Indonesia on 21 and 22 November 2013. The Global Forum meeting saw representatives of more than 80 jurisdictions and 10 International Organisations discuss ways to further promote information exchange in tax matters, toward the goal of ensuring that all people, in all countries, pay their fair share.

    During the meeting, a number of developments concerning the OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters took place. These developments are listed below:

    • Liechtenstein and San Marino signed the Convention.
    • Canada, New Zealand, the Slovak Republic and South Africa deposited instruments of ratification of the Convention.
    • Seychelles and Philippines signed letters of intention to sign the Convention.
    • The United Kingdom deposited declarations extending the territorial scope of the Convention to cover the Isle of Man as a Crown Dependency and Anguilla, Bermuda, British Virgin Islands, Cayman Islands, Gibraltar, Montserrat, and Turks & Caicos as Overseas Territories.

    The Convention is designed to facilitate international co-operation among tax authorities to improve their ability to tackle tax evasion and avoidance. The Convention also provides for spontaneous exchange of information, simultaneous tax examinations and assistance in tax collection.

    Detailed analysis of the OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters.

    Full text of the amended OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters

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EUCED - European Network for Economic Cooperation and Development is a European Economic Interest Grouping (EEIG), as per EU Council Regulation # 2137/85, established for European and worldwide economic and development operations. As well as, the status of an European Business Association.

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