Text of the Intervention Made by the Minister of State of Finance in the G20 Finance Minister’s Meeting on International Tax; Calls for Implementation of the New Global Standards on Automatic Exchange of Information with A Common Timeline and with Coverage of as Many Countries as Possible https://www.taxtmi.com/news?id=13411 Implementation of automatic exchange of information is urged to detect cross-border tax evasion by enabling ongoing reciprocal information flows; a common timeline and broad coverage are recommended for cost-effectiveness and critical mass, with domestic legislative changes required to ensure reciprocity. Developing countries may need technical and financial assistance to implement the standards, and a pilot to support them is endorsed. en-us Mon, 22 Sep 2014 17:43:53 +0530 Mon, 22 Sep 2014 17:43:53 +0530 TaxTMI RSS Generator Text of the Intervention Made by the Minister of State of Finance in the G20 Finance Minister’s Meeting on International Tax; Calls for Implementation of the New Global Standards on Automatic Exchange of Information with A Common Timeline and with Coverage of as Many Countries as Possible https://www.taxtmi.com/news?id=13411 Implementation of automatic exchange of information is urged to detect cross-border tax evasion by enabling ongoing reciprocal information flows; a common timeline and broad coverage are recommended for cost-effectiveness and critical mass, with domestic legislative changes required to ensure reciprocity. Developing countries may need technical and financial assistance to implement the standards, and a pilot to support them is endorsed. News - Mon, 22 Sep 2014 17:43:53 +0530 https://www.taxtmi.com/news?id=13411