About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

14 Corp. Bus. Tax'n Monthly 25 (2012-2013)
OECD's Strategic Initiatives for Tax Information Exchange

handle is hein.journals/corbus14 and id is 569 raw text is: September 2013 OECD's Strategic Initiatives for Tax Information Exchange By Robert Feinschreiber and Margaret Kent Robert Feinschreiber and Margaret Kent explain high-profile strategic tax information exchange initiatives that are being actively pursued by the OECD to address issues such as base erosion and profit sharing. he OECD is actively pursuing high-profile strategic tax information exchange initiatives through the Global Forum initiative. Angel Guria, the OECD's Secretary-General, presented a report to the G20 Finance Ministers and Central Bank Governors that encompasses three such information facets: The Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) is moving ahead with its initiatives. The report discusses these initiatives, which include peer review ratings of the jurisdictions' compliance with the Global Forum's standards on exchange of information. * The OECD is seeking to strengthen the automatic exchange of information process. The report discusses the efforts that the OECD has taken to implement this process. * The OECD continues its emphasis on tax base erosion and profit shifting. The OECD is Robert Feinschreiber is a Senior Partner at Quantera Global in Key Biscayne, Florida (transferpricingconsortium.com). Margaret Kent is a Senior Partner at Quantera Global in Key Biscayne, Florida (transferpricingconsortium.com). concerned that multinational corporations have an unfair tax advantage over domestic companies and citizens. Global Forum on Transparency and Exchange of Information for Tax Purposes The OECD set up the Global Forum in 2000 for the purpose of agreeing to global tax standards. While the OECD has 34 members, the Global Forum has 119 member countries and jurisdictions. In 2009, when addressing the Global Forum, the G20 called for countries to develop an effective implementation of the internationally agreed standard of information exchange. The Global Forum uses a peer review report as a means of monitoring compliance with this international standard. As of now, the Global Forum has completed 100 peer review reports. These peer review reports show suggestions for improving information exchange practices. Overall, the reports reflect 600 recommendations for improvement, 300 of which the countries have already. The Global Forum's goals here are to further ©2013 R. Feinschreiber and M. Kent CORPORATE BUSINESS TAXATION MONTHLY 25

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most