Major new steps to boost international cooperation against tax evasion: Governments commit to implement automatic exchange of information beginning 2017 #GATCA

The new OECD/G20 standard on automatic exchange of information was endorsed today by all OECD and G20 countries as well as major financial centres participating in the annual meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes in Berlin. A status report on committed and not committed jurisdictions will be presented to G20 leaders during their annual summit in Brisbane, Australia on November 15-16.

via International Financial Law Prof Blog http://bit.ly/13flizK