tax & jurisdiction
A leading tax expert in London has warned that the Organisation for Economic Co-Operation and Development's (OECD) programme for tax information exchange is in jeopardy. However, he has advised offshore centres to continue to co-operating with the organisation's requirements, because in the end, the conflicts which exist between the EU's requirements under the Savings Tax Directive and the OECD's requirements are bound to come to a head. Although the OECD and the European Union are both trying to achieve the same end - more tax information exchange - their separate approach to impose ru...
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