Australia-Netherland Antilles Tax Agreement Enters Into Force
Australia's Assistant Treasurer, Chris Bowen has announced that the Tax Information
Exchange Agreement (TIEA) between Australia and the Netherlands Antilles has entered
into force and has effect from 1st January 2007.
“This Tax Information Exchange Agreement provides Australia with an important
tool in its efforts to combat tax avoidance and evasion,” Bowen said. The TIEA provides a legal basis for full exchange of information, for both
criminal and civil tax matters, between Australia and the Netherlands Antilles. “The conclusion of TIEAs is a significant step towards achieving widespread
international cooperation on tax matters,” Bowen added. “I commend the Netherlands Antilles for its willingness to implement
higher standards of transparency and effective exchange of information. This
is a key tax policy area and the leadership shown by Australia and the Netherlands
Antilles will assist both jurisdictions in the enforcement of their domestic
laws," he continued. Bowen revealed that the Australian government is pursuing a comprehensive TIEA
negotiation program with "other committed jurisdictions.” .
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