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Exchange of information: tax authorities may obtain and share foreseeably relevant information for tax administration and enforcement. Exchange of information between competent authorities permits sharing information and documents foreseeably relevant to the Convention or tax administration and enforcement; such information is to be treated as secret and disclosed only to persons or authorities concerned with assessment, collection, enforcement, prosecution, appeals or oversight, and used only for those purposes unless both States' laws and the supplying State authorize other uses. States are not required to act contrary to their laws, to provide unobtainable information, or to disclose trade or public policy-protected secrets, but must use information-gathering measures to obtain requested information and cannot decline solely because information is held by financial intermediaries 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: tax authorities may obtain and share foreseeably relevant information for tax administration and enforcement.
Exchange of information between competent authorities permits sharing information and documents foreseeably relevant to the Convention or tax administration and enforcement; such information is to be treated as secret and disclosed only to persons or authorities concerned with assessment, collection, enforcement, prosecution, appeals or oversight, and used only for those purposes unless both States' laws and the supplying State authorize other uses. States are not required to act contrary to their laws, to provide unobtainable information, or to disclose trade or public policy-protected secrets, but must use information-gathering measures to obtain requested information and cannot decline solely because information is held by financial intermediaries or relates to ownership interests.
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