International Exchange of Information in Tax Matters

International Exchange of Information in Tax Matters

Towards Global Transparency

Xavier Oberson

Following the financial crisis of 2008 and various scandals around the world there has been a global movement towards the international exchange of information and greater transparency. This book provides a comprehensive overview of the main developments, the structure and content of the various existing instruments and models (such as double taxation treaties, TIEA, the multinational convention from the OECD, the European Directives, FATCA and the Swiss Rubik model), and also the new standard toward automatic exchange of information. Xavier Oberson's analysis highlights their interactions and complexities. He concludes by discussing the position and the rights of taxpayers.

Chapter 12: Automatic exchange of information (AEOI): the OECD Common Reporting Standard

Xavier Oberson

Subjects: law - academic, commercial law, private international law, tax law and fiscal policy

Abstract

Chapter 12 focuses on the Automatic Exchange of Information Standard (AEOI) developed by the OECD, namely the Common Reporting Standard (CRS). The essential elements of this standard are analysed, i.e. the CRS as such, the due diligence requirements for individual and for entities accounts and the Model Competent Authority Agreement (Model CAA).

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