Taxation: Developing Countries

(asked on 17th November 2014) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what research he has commissioned into the implications for developing countries of the OECD Automatic Exchange of Tax Information.


Answered by
David Gauke Portrait
David Gauke
This question was answered on 21st November 2014

As made clear during our G8 Presidency, we are committed to helping developing countries benefit from increased tax transparency including the new global standard of automatic exchange of information. The G20 asked the Global Forum to produce a Roadmap setting out how developing countries can overcome obstacles to participate in automatic exchange. Since G20 Finance Ministers welcomed the Roadmap in September, my officials and their counterparts in DfID and HMRC have engaged in discussions with a number of developing countries on the possibility of piloting implementation of the new global standard. These discussions are ongoing.

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