About: automatic exchange of information

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Tax transparency
Economy & Jobs 24-10-2016

Tax transparency: Do new global standards really provide a level playing field?

A large majority of states are today committed to the new global standards for more transparency in the tax area, for both individuals and company.
Development Policy 31-03-2015

Illicit Financial Flows and development aid

In February, a team of journalists exposed a tax evasion system used by the Swiss subsidiary of HSBC.
Transport 11-02-2015

MEPs back data sharing to punish bad driving

Member states will be able to identify and fine foreign drivers committing traffic offences after the European Parliament approved today (11 February) a law allowing them to share information on car registries.  
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Economy & Jobs 01-10-2014

Banks as tax collectors? EBF-FBF Tax conference reviews FTT, CRS

The 2014 international tax conference of the European Banking Federation, held on Monday in Paris, has reviewed Sunday’s endorsement by G20 Finance Ministers of the Common Reporting Standard (CRS) that the Organisation for Economic Cooperation and Development (OECD) proposed as a model for a global Automatic Exchange of Information. http://www.ebf-fbe.eu/wp-content/uploads/2014/09/EBF_010514-EBF-Tax-Conference-reviews-progress-on-Common-Reporting-Standards.pdf The conference was an opportunity for the EBF to express its concerns about the CRS: its lack of proportionality, the crucial need for consistency across jurisdictions and for full EU-OECD alignment, the need for a proper examination of all legal and constitutional implications, notably in the field of data protection, and the need for the immediate creation of a review process. The CRS model will require financial institutions to automatically exchange detailed account information with tax authorities in their country. In addition the conference discussed the impact of a possible tax on financial transactions, known as FTT. This tax threatens to introduce regulatory and tax uncertainty in the 11 EU Member States that are currently considering it and risks damaging economic growth in Europe as whole.