Exchange of tax information

20-10-2015

The need to improve the exchange of tax information is now widely accepted. The overall aim is to strengthen and update exchange of information provisions in order to make tax authorities better equipped to address tax avoidance, evasion and fraud in the European Union (EU). Lack of information-sharing between tax authorities prevents them from correctly assessing the actual tax situation when several countries are involved.

The need to improve the exchange of tax information is now widely accepted. The overall aim is to strengthen and update exchange of information provisions in order to make tax authorities better equipped to address tax avoidance, evasion and fraud in the European Union (EU). Lack of information-sharing between tax authorities prevents them from correctly assessing the actual tax situation when several countries are involved.