The International Chamber of Commerce has welcomed an agreement reached this week by over 90 countries to automatically swap tax information, describing the step towards achieving transparency in this area as an important milestone for the international tax reform agenda. The new OECD/G20 standard on automatic exchange of information was endorsed in Berlin yesterday by all OECD and G20 countries as well as major financial centers participating in the annual meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes. More than 50 countries additionally agreed to put exchange systems in place by the year 2017.
Staff contact: Carol Doran Klein
