https://www.taxtmi.com/news?id=3129 Full and coordinated implementation of agreed post crisis regulatory reforms is essential to prevent regulatory arbitrage and migration of financial activity to less regulated jurisdictions. Jurisdictional divergence from Basel III will impose costs and risk undermining reform objectives; cooperation should focus on synchronized standards. The statement urges broad adherence to the Multilateral Convention on Mutual Administrative Assistance in Tax Matters and recommends making Automatic Exchange of Information obligatory, adopting a country-by-country financial reporting standard for multinationals, and establishing continuous Global Forum monitoring. en-us Mon, 23 Apr 2012 10:17:48 +0530 Mon, 23 Apr 2012 10:17:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3129 Full and coordinated implementation of agreed post crisis regulatory reforms is essential to prevent regulatory arbitrage and migration of financial activity to less regulated jurisdictions. Jurisdictional divergence from Basel III will impose costs and risk undermining reform objectives; cooperation should focus on synchronized standards. The statement urges broad adherence to the Multilateral Convention on Mutual Administrative Assistance in Tax Matters and recommends making Automatic Exchange of Information obligatory, adopting a country-by-country financial reporting standard for multinationals, and establishing continuous Global Forum monitoring. News - Mon, 23 Apr 2012 10:17:48 +0530 https://www.taxtmi.com/news?id=3129