Financial institutions, other taxpayers and practitioners have until September 6 to respond to a HM Revenue & Customs (HMRC) discussion draft on the implementation of exchange of tax information agreements between the UK and its Crown Dependencies and Overseas Territories with financial centres, which the UK government believes will set a new standard in international tax transparency.
Tax authorities within the EU will have to comply with much more extensive rules on the automatic exchange of tax information, if member states adopt a European Commission proposal unveiled today.
The Indian economy grew by 5% in 2012. Outstanding by any other country’s standards, except China’s, but not enough as an annual rate if it wants to create prosperity for all of its more than 1 billion citizens.
Some of the jurisdictions that have provoked the most anger because of their perceived hostility to the exchange of tax information have become the latest supporters of the OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters.
The Indian economy grew by 5% in 2012. Outstanding by anyone’s standards, except China’s, but not enough if the country wants to create prosperity for all of its more than 1 billion citizens.
The US have published new versions of the intergovernmental agreements (IGA) that have become the main instruments for the implementation of the Foreign Account Tax Compliance Act (FATCA).
