OECD Recommends Strong Measures to Combat Tax Evasion and Avoidance as Mutual Assistance in Tax Administration Is About to Enter into Force

On September 10, the Organization of Economic Cooperation and Development (OECD) issued two recommendations aimed at strengthening cooperation among governments against tax evasion and tax avoidance. The two recommendations cover a “standard magnetic format for automatic exchange on tax information” and a “model agreement for the undertaking of simultaneous tax examinations.” Meanwhile this summer Denmark deposited its instruments of ratification to the Council of Europe/OECD Convention on Mutual Assistance in Tax Matters, making its taking effect quite imminent…[more]