The End of Banking Secrecy?
November 24th, 2014
A month ago the Tax Justice Network published a preliminary report entitled ‘The end of bank secrecy?’Bridging the gap to effective automatic information exchange, looking at the OECD’s new system of automatic information exchange.
They have now completed a final technical analysis of the report. It is not very different from the preliminary version: the main updates are to the timeline section and the main Annex about the signatories to the multilateral agreement (M-CAA) and commitments by others to join AIE later, following the G20 summit of world leaders in Australia this month and an earlier meeting in Berlin.