Automatic exchange of information
The OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters was approved by the G20 Group of Countries meeting in Cannes in November 2011. This commits the subscriber to the connection to automatic information exchanges and simultaneous tax examinations. Before the Summit Meeting only seven of the 20 had signed the Convention but the increase of take-up now opens the door for developing countries to be put under pressure to sign the Convention.






