Subscribe to the Tax Headline RSS feed | Subscribe to the Tax Headline feed via EmailU.S., 14 Other Nations Sign OECD, Council of Europe Agreement on Cooperation in Tax Matters
May 28, 2010 in Daily Tax Report · Leave a Comment
Fifteen countries, including the United States, May 27 signed an update to a 1988 multilateral pact on administrative cooperation in tax matters that aims to provide a legal framework for transborder cooperation while respecting national sovereignty and taxpayers’ rights.
The Convention on Mutual Administrative Assistance in Tax Matters, which took effect in 1995, was founded by the Organization for Economic Cooperation and Development and the Council of Europe, which now serve as its custodians.
In April the two organizations updated the accord to make it a more powerful instrument in the international fight against tax evasion and open it to more jurisdictions, including developing countries (65 DTR I-3, 4/07/10)…
