Tax Co-operation

The Jersey Financial Services Commission and the Irish Financial Services Regulatory Authority yesterday announced the signing of a Memorandum of Understanding (MoU). The MoU establishes a formal framework for mutual assistance and the exchange of information between each regulator to facilitate the enforcement of, and secure compliance with, the laws and regulations of each jurisdiction. … Read More

The Netherlands Antilles has signed bilateral agreements with **Australia** and with **New Zealand** for the exchange of information for tax purposes. The agreements were signed on behalf of their respective countries by Mr. Alex Rosaria, State Secretary of Finance of the Netherlands Antilles, Mr. Peter Dutton, Australian Minister for Revenue & Assistant Treasurer, and Mr. … Read More

The OECD’s Committee on Fiscal Affairs has agreed to modify the OECD **Model Tax Convention**, which serves as a basis for most negotiations between countries on tax matters, by including the possibility of arbitration in cross-border disputes if they remain unresolved for more than two years. A new OECD report, ***“Improving the Resolution of Tax … Read More

Antigua and Barbuda and Australia have signed a bilateral agreement on the exchange of information for tax purposes. A release from the OECD notes that this *“marks another step forward in international efforts to implement the principles of transparency and exchange of information for tax purposes on a global basis.”* Paolo Ciocca, Chairman of the … Read More

In Paris today, the OECD announced that it will publish its latest Report on international co-operation on transparency and exchange of information in tax matters next week. Entitled *“Tax Co-operation: Towards a Level Playing Field – 2006 Assessment by the Global Forum on Taxation”*, the report reviews legal and administrative frameworks in more than 80 … Read More

The OECD’s Global Forum on Taxation has concluded its fourth meeting in Melbourne, Australia, and issued a Statement on the outcome of its review of the progress towards a level playing field based on *”high standards of transparency and effective exchange of information for tax purposes.”* The review was undertaken in accordance with a process … Read More

The OECD today published a 2005 edition of its Model Tax Convention. This Convention is used by OECD and other countries as a basis for the *”negotiation, application and interpretation of bilateral tax treaties”*, of which there are reportedly more than 2500 in force around the world. The OECD updates the Model periodically to take … Read More