OECD Publishes Plan to Cut Tax Evasion

The Organization for Economic Co-operation and Development (OECD) has unveiled new plans to tackle tax evasion by improving the way tax authorities share information about individuals and entities like trusts.

Countries are increasingly moving to a standard of sharing information on taxpayers even in the absence of any specific request.

This is more likely to flag up inappropriate behavior than the longer established practice of one tax authority starting an investigation into suspicions of …

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