India, Australia, Canada, Costa Rica, Indonesia, and New Zealand sign OECD multilateral competent authority agreement

India, Australia, Canada, on June 3 signed the OECD common reporting standard multilateral competent authority agreement, paving the way for automatic exchange of information, according to press releases issued by the countries’s governments.

Costa Rica, Indonesia, and New Zealand also signed the agreement June 3, according to the Indian government’s release.

The agreement is designed to give tax administrations additional tools to combat tax evasion.

See:

UPDATE: (6/4/2014) – for the OECD’s June 4 press release, see Release.

Be the first to comment

Leave a Reply

Your email address will not be published.