OECD Report On Boosting Taxation Efficiency And Fairness

The latest report of July 2017 has been submitted by the OECD Secretary-General Angel Gurría to G20 Leaders. The report consists of two parts, covering issues such as closing down loopholes, improving transparency, matching tax due with economic activities, etc. 

Promoting Fairness in International Taxation System

Part I of the Report is an update report regarding the latest developments in the international tax agenda. As a key priority of the G20, tax issues to be implemented in 2017 need to be in accordance with inclusive growth. This requires to “repair and improve the international tax system, so everyone pays their fair share remains one of the most important responses to these challenges, as well as one which is having a concrete impact”, according to Mr. Gurría.

Improving Tax Transparency through Information Exchange Mechanism

Part II is a Progress Report by the Global Forum on Transparency and Exchange of Information for Tax Purposes, which now includes 142 members. Nearly 2,000 bilateral exchange relationships have been established for automatic exchanges of financial account information (AEOI), which is to take place in September 2017.

Sources: OECD, OECD Secretary-General Report

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