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Nov 29 - OECD AGM Members Make Commitment for Early Adoption of Exchange of Information Global Standards

newsIn a joint statement issued yesterday, 36 jurisdictions including Gibraltar committed themselves to early adoption of the Common Reporting Standard for automatic exchange of information being developed in the OECD.

‘Tax evasion is a global problem and requires a global solution, removing the hiding places for those who would seek to evade their legal obligations,” says the statement by the 36 countries and territories who pledge to “strongly support the development of the single global standard for automatic exchange of information between tax authorities’.

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