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Over 50 jurisdictions have committed to automatically exchange tax information under the OECD's Common Reporting Standard. Read Full Story
The OECD has said Panama must ensure that it fully implements international tax transparency standards, describing the territory as the "last major holdout" that allows funds to be hidden offshore. Read Full Story
Sixteen peer review reports were released at the recent plenary meeting of the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes on October 29-30, 2015.
Read Full Story
An announcement is expected imminently on the terms of the long-awaited revised tax treaty between Italy and Switzerland, reports say. Read Full Story
The International Chamber of Commerce has welcomed an agreement reached this week by over 90 countries to automatically exchange tax information, describing the development as an important milestone for the international tax reform agenda. Read Full Story
On October 29, 2014, 51 jurisdictions signed a Multilateral Competent Authority Agreement on the automatic exchange of information that will enable "early adopters" to begin sharing data by September 2017. Read Full Story
Dutch bank ABN AMRO has criticized a new report, The Fair Banking Guide, published by the Dutch BankWiser after an investigation into international tax avoidance in the Dutch banking sector. Read Full Story
The Swiss Federal Council has backed calls to close a legal loophole that currently makes those who pass on client data stolen from a financial institution or use it for their own benefit ineligible for prosecution. Read Full Story
After a statement from the Jersey Government that it does not wish to host promoters of abusive tax avoidance schemes to UK participants, Jersey promoters will be required, from October 1, 2014, to inform the Financial Services Commission of any schemes falling under the ambit of the UK's Disclosure of Tax Avoidance Scheme regime. Read Full Story
Russia's Finance Minister, Anton Siluanov, has told President Vladimir Putin that a new bill to deter Russian tax residents from hiding income offshore is expected to raise about RUB30bn (USD844m) from overseas accounts in Cyprus and the Netherlands. Read Full Story
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