Improving Access to Bank Information for Tax Purposes [electronic resource] /
Organisation for Economic Co-operation and Development.
Organisation for Economic Co-operation and Development Committee on Fiscal Affairs,Content Provider
Paris : OECD Publishing,
2000.
This Report was prepared by the Committee on Fiscal Affairs to consider ways to improve international co-operation with respect to the exchange of information in the possession of banks and other financial institutions for tax purposes.
Description based upon print version of record.
CONTENTS; Chapter I Overview and Measures to Improve Accessto Bank Information for Tax Purposes; A. Overview; B. Measures to improve access to bank information for tax purposes; Chapter II Bank Secrecy - Traditional and New Dimensions; The importance of bank secrecy; The effects of bank secrecy on tax administration and law enforcement; Globalisation and Liberalisation of Financial Markets; Electronic Commerce and Electronic Money; Money Laundering and Tax Crimes; Chapter III Adverse Implications of Lack of Accessto Bank Information for Tax Purposes; Adverse Domestic Implications
Adverse International ImplicationsChapter IV Country Practices and Evolution: An Executive Summary; Legal basis for bank secrecy; Exceptions to bank secrecy; Bank account information requirements; Means of removing funds from accounts; Access to bank information for tax administration purposes; Exchange of information under tax treaties; Other instruments or mechanisms for exchanging bank informationfor tax purposes; Information reporting by taxpayers; Interest income: Use of withholding at source to tax interest payments; Trends concerning access to bank information
Proposals to change laws relating to bank secrecyConclusions to be drawn from current practices; Annex I Foreign Assets and Liabilities; Appendix I Survey of Country Practices on Accessto Bank Information for Tax Purposes; General Information about Bank Secrecy; The Obligation of Banks to Give Information in Mattersother than Taxation; Access to Bank Information for Tax Administrations; Obligation for Resident Taxpayers to Declaretheir Bank Accounts Abroad; Country Practice with Respect to Exchange of Bank Informationwith Treaty Partners; Regarding Trends Concerning Access to Bank Information
This Report was prepared by the Committee on Fiscal Affairs to consider ways to improve international co-operation with respect to the exchange of information in the possession of banks and other financial institutions for tax purposes.
Confidential communications
Tax administration and procedure.