Swiss sign first tax information pact with Aus
Australia has signed a reciprocal agreement with Switzerland for the automatic exchange of tax information on each other’s citizens, the Swiss finance ministry has said.
OECD
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switzerland intl agreement tax evasion
The Swiss Government has launched a three-month consultation period on draft legislation that will pave the way for Switzerland to implement tax information sharing agreements with other countries.
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OECD warns pension reforms could leave retirees
The OECD has said the UK's new flexible pension system will need to be continually reformed to ensure retirees do not run out of money.
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mexico more tax compliant than Jersey
Mexico has been named as fully compliant with international tax standards by the OECD while others, including Indonesia and Chile have been rated either largely or partially compliant.
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Bahamas labels oecd tax sharing forum flawed
The Bahama’s financial services minister Ryan Pinder has called the OECD’s initiative for automatic exchange of tax information between jurisdictions a “flawed” concept, arguing the case for bilateral rather than multilateral agreements.
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Switzerland in tax secrecy declaration
Switzerland has committed to the automatic exchange of tax information between jurisdictions in a declaration made at the OECD’s annual ministerial council meeting in Paris yesterday.
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uae given green light to progress to tax
The United Arab Emirates has been granted permission by the Global Forum on Tax Transparency to move on to the second phase of becoming a fully fledged forum member.
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tax evaders no longer told of foreign requests
Tax evaders no longer have a right to be informed when their information is disclosed to other countries, following a legal amendment approved by the Swiss Parliament.
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oecd unveils auto exchange of info
The Organisation for Economic Cooperation and Development today published a document setting out its current Standard for Automatic Exchange of Financial Account Information, ahead of a meeting of G20 finance ministers in Sydney next week.
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more than 35 juristictions sign up early
Guernsey, Jersey, Luxembourg and South Africa are among more than 35 countries to have committed to the early adoption of the next set of OECD measures to tackle tax evasion.
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isle of man among 18 countries deemed
The Isle of Man was among only a handful of countries reviewed by the OECD deemed to be compliant with its principles of tax transparency.
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switzerland to revise tax laws but retains
The Swiss government is to introduce new laws to ease the sharing of tax information with other states in line with OECD standards, but is to keep in place measures which mean targets must be notified of an investigation.