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OCDE - UPDATE ON TAX TRANSPARENCY



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OCDE - UPDATE ON TAX TRANSPARENCY

  • “Progress has been massive and has already translated in to more than half a million taxpayers disclosing their assets held offshore to the tax administrations of their countries of residence, with at least 50 billion euros in additional revenues identified in countries that have put in place voluntary disclosure programmes and similar initiatives to allow taxpayers to come forward to correct their past tax transgressions. Financial institutions are now working closely with governments to prepare the implementation of the CRS.” (OECD. UPDATE ON TAX TRANSPARENCY. SECRETARY-GENERAL REPORT TO G20 FINANCE MINISTERS. Washington, April 2016)



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