JITSIC to convene in response to 'Panama Papers'

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

JITSIC to convene in response to 'Panama Papers'

The OECD will convene a meeting of the Joint International Tax Shelter Information and Collaboration (JITSIC) network on April 13 to "agree collaborative action" in light of the 'Panama Papers' revelations.

Senior tax officials from around the world will descend upon Paris on Wednesday 13 April to attend the JITSIC meeting.

Given that the 11.5 million documents that make up the 'Panama Papers' reveal transactions involving multiple entities in multiple jurisdictions, tax administration officials are keen to explore ways in which their response to the revelations can be coordinated. 

The OECD describes the JITSIC convention as a special project meeting "to explore possibilities of cooperation and information-sharing, identify tax compliance risks and agree collaborative action".

More to follow...

more across site & shared bottom lb ros

More from across our site

Canadian and Indian dual VAT models have been a source of inspiration for the Brazilian model, but the latter has unique and innovative features, the OECD paper claimed
More sophisticated use of technology, heightened TP scrutiny and stricter filing requirements are making South African Revenue Service audits a formidable challenge
The hire of Doug Wick expands Baker McKenzie’s state and local tax practice and adds to the firm’s growing ex-IRS expertise
One year after Nuwaru joined the WTS network, leaders James Jobson and Matthew Missaghi reflect on the firm’s mission to offer mid-tier pricing but deliver top-tier results
Join ITR's Head of Research, John Harrison, for an overview of key dates, new developments, best practices, and more for next year’s research cycle
The president’s tariff regime has already caused misery for taxpayers. Losing at the Supreme Court would mean it was all for nothing
The US itself was the biggest loser of tax revenue to American multinationals’ profit shifting, the Tax Justice Network reported; in other news, firms made key tax hires
Identifying who will bear the costs and concerns around confidentiality are issues yet to be resolved, advisers say
As multinationals embed tax technology into their TP functions, a new breed of systems – built on multi-model databases – is quietly transforming intercompany pricing logic
The president described it as ‘one of the most important cases in the history of our country’; in other news, Portugal established a VAT group regime
Gift this article