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Council of Europe/OECD-Convention: New TJN briefing paper
February 9th, 2012
When the G20 signed the Convention on Mutual Administrative Assistance in Tax Matters in November 2011, amid great fanfare, the OECD, a club of wealthy countries, set out to promote it as the 'gold standard' of international tax cooperation. As is often the case (see here or here), the OECD's viewpoint is not quite the full story. While the Convention definitely provides various positive things -- most importantly a tacit assertion that automatic information exchange must be part of effective information exchange -- it also includes clear downsides.
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