Community
HM Treasury have announced that it has agreed with France, Germany, Italy and Spain to develop and pilot the multilateral exchange of tax information. A wide range of financial information will be automatically exchanged between the countries to help catch and deter tax evaders as well as to provide the template for wider multilateral automatic information exchange.
The pilot is based on the model intergovernmental agreement on FATCA in order to minimise costs for both businesses and governments. A joint letter has been published by the European Commission setting out the terms of the agreement.
RELATED LINKS
http://www.hm-treasury.gov.uk/press_37_13.htm
http://www.hm-treasury.gov.uk/d/g5_letter_to_european_commission_090413.pdf
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Carlo R.W. De Meijer Owner and Economist at MIFSA
27 January
Ritesh Jain Founder at Infynit / Former COO HSBC
Bekhzod Botirov CEO & Co-founder at Upay
24 January
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