Exchange of information requires mutual information gathering measures with confidential use limited to tax assessment and enforcement purposes. The Agreement requires contracting states to exchange information necessary for administering taxes, treat such information as secret and limit its use to tax assessment, collection, enforcement, prosecution and appeals, while permitting disclosure in public court proceedings. States need not contravene domestic law or supply unobtainable information, or disclose trade secrets or information contrary to public policy, but must use information gathering measures to obtain requested information even when they have no domestic interest, and cannot refuse solely because information is held by banks, nominees, or fiduciaries.
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 requires mutual information gathering measures with confidential use limited to tax assessment and enforcement purposes.
The Agreement requires contracting states to exchange information necessary for administering taxes, treat such information as secret and limit its use to tax assessment, collection, enforcement, prosecution and appeals, while permitting disclosure in public court proceedings. States need not contravene domestic law or supply unobtainable information, or disclose trade secrets or information contrary to public policy, but must use information gathering measures to obtain requested information even when they have no domestic interest, and cannot refuse solely because information is held by banks, nominees, or fiduciaries.
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