Exchange of information obligations require cross-border tax data sharing while preserving confidentiality and limiting disclosures. Competent authorities must exchange information necessary for administering and enforcing taxes, with received information treated as secret and disclosed only to authorized persons for tax assessment, collection, enforcement, prosecution or appeals; other uses require both States' legal permission and the supplying authority's authorisation. A State need not contravene its laws, produce unobtainable records, or disclose trade secrets or information contrary to public policy, but must use its information gathering measures to obtain requested information even if it lacks domestic interest, and may not refuse solely because information is held by banks, nominees, agents, fiduciaries or relates to ownership interests.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exchange of information obligations require cross-border tax data sharing while preserving confidentiality and limiting disclosures.
Competent authorities must exchange information necessary for administering and enforcing taxes, with received information treated as secret and disclosed only to authorized persons for tax assessment, collection, enforcement, prosecution or appeals; other uses require both States' legal permission and the supplying authority's authorisation. A State need not contravene its laws, produce unobtainable records, or disclose trade secrets or information contrary to public policy, but must use its information gathering measures to obtain requested information even if it lacks domestic interest, and may not refuse solely because information is held by banks, nominees, agents, fiduciaries or relates to ownership interests.
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