BEPS, exchange of financial information to be addressed | KPMG | GLOBAL

OECD: BEPS, exchange of financial information to be addressed

BEPS, exchange of financial information to be addressed

Heads of tax administrations from 46 countries will meet, beginning tomorrow, as part of the Organisation for Economic Cooperation and Development (OECD) Forum on Tax Administration.


Related content

According to an OECD release, items at the top of the agenda for the 23-24 October 2014 meeting of the OECD Forum on Tax Administration are: (1) improving transparency to counter offshore tax evasion; and (2) addressing tax avoidance by multinational enterprises. This will continue global initiatives—the base erosion and profit shifting (BEPS) project and a move toward automatic exchange of financial account information at a global level.

The discussions are expected to cover how tax administrations can best improve taxpayer services and tax compliance, while boosting efficiency, effectiveness and the fairness of tax systems.

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Request for proposal