The Tax Justice Network (TJN) has accused the OECD of not consulting developing countries about the design of the framework for automatic information exchange (AIE), which the G20 has endorsed as the global model for information exchange.
The Australian Treasury has launched a consultation to discover the views of Australian financial institutions about when the Common Reporting Standard (CRS) should be introduced in Australia, how much it could cost them to implement and comply with and how those costs could be minimised.
Just a day after the EU Commission announced it would investigate whether the Netherlands breached European state aid rules in its tax treatment of Starbucks, that country updated its guidelines on advance tax rulings (ATRs), advance pricing agreements (APAs) and substance requirements.
The number of jurisdictions considered to have an intergovernmental agreement (IGA) in place with the US for the implementation of the Foreign Account Tax Compliance Act (FATCA) has passed 50.
