Copying and distributing are prohibited without permission of the publisher

G20 wants automatic exchange of tax information to be the new norm

24 April 2013

Kalliope Gourntis in New York

Taxpayers will have to get used to automatic exchange of information as standard, if the G20 get their way.

Pascal Saint-Amans, the head of tax at the OECD, believes the world is coming together over the issue of the automatic exchange of tax information.

"The US is already there with FATCA," said Saint-Amans, the director of the OECD’s Centre for Tax Policy and Administration (CTPA) when he briefed journalists during the meeting of G20 finance ministers and central bank governors in Washington, DC last week. "We’re back to the level of pressure we had in 2009 when G20 countries said 'Enough with bank secrecy’. They now want to take this a step further with the automatic exchange of information."

Angel Gurría, the OECD secretary-general, presented the Organisation’s progress report on automatic exchange of information to the meeting on Friday. The response of the ministers and governors to the report suggests Saint-Amans is right.

"We welcome progress made towards automatic exchange of information which is expected to...



This article is locked content, available to current subscribers or trialists.

  • Current subscribers or trialists - Please log in to view this article in full.
  • New users - Please take a free 7 day trial.
  • Expired subscribers or trialists - Please subscribe to gain immediate full access.

If you think you've received this message in error, please contact your account manager, Nick Burroughs:
Email: nburroughs@euromoneyplc.com, Tel: +44 (0)207 779 8379

Subscribe now

Subscribe today to gain full access to International Tax Review.

Subscribe

Free trial

Take a free trial now and gain 7 days of full access to International Tax Review.

Free trial





International Tax Review Profile

RT @KPMGSingapore: Congratulations to @HongBengTay, Warrick Cleine, Khoon Ming Ho on being shortlisted for @IntlTaxReview Asia awards. http…

Apr 28 2016 10:22 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @BLPTax: We are delighted to have been shortlisted for "UK Tax Firm of the Year" by @IntlTaxReview in the 2016 European Tax Awards.

Apr 28 2016 10:21 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @KPMGSingapore: Tax Partner, Geoffrey Soh has been shortlisted for Transfer Pricing Practice Leader of the Yr in @IntlTaxReview Asia Tax…

Apr 28 2016 10:21 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @IoDIreland: Read more about our joint 'Tax in the Boardroom' event with @TaxInstituteIrl held yesterday https://t.co/x3nBLNVu1x https:/…

Apr 28 2016 10:06 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @JP_Lieb: And It will give nice competitive opportunities to some continental countries #Brexit https://t.co/NjvUjI86Af

Apr 28 2016 09:50 ·  reply ·  retweet ·  favourite
International Correspondents