Exchange of information upon request empowers authorities to obtain cross border financial and ownership data for tax purposes. The competent authority of the requested Party must provide, upon request, information relevant to tax purposes regardless of whether the requested Party needs it for its own tax uses or whether the conduct would be a domestic crime, and must use all relevant information gathering measures to obtain such information, including bank, financial and legal and beneficial ownership data across ownership chains, subject to domestic law and a proportionality limitation for publicly traded entities; depositions and authenticated originals may be provided where allowable.
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 upon request empowers authorities to obtain cross border financial and ownership data for tax purposes.
The competent authority of the requested Party must provide, upon request, information relevant to tax purposes regardless of whether the requested Party needs it for its own tax uses or whether the conduct would be a domestic crime, and must use all relevant information gathering measures to obtain such information, including bank, financial and legal and beneficial ownership data across ownership chains, subject to domestic law and a proportionality limitation for publicly traded entities; depositions and authenticated originals may be provided where allowable.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
