|Date of publication
10 June 2013
|Published each year in June, the annual report of the OECD Working Group on Bribery provides a brief overview of the OECD Anti-Bribery Convention and how it works. It also outlines how the Working Group on Bribery contributes to the global fight against corruption.2013 (pdf) – including enforcement data
TABLE OF CONTENTS
Common Reporting Standard
|Publication Date: 13/02/2014|
G20 Leaders at their meeting in Russia in September 2013 fully endorsed the OECD proposal for a truly global model of automatic exchange and invited the OECD working with G20 countries to present such a new single standard for automatic exchange of information in time for the February 2014 meeting of the G20 Finance Ministers and Central Bank Governors.
The standard contained in this report and released in preparation for that meeting calls on jurisdictions to obtain information from their financial institutions and automatically exchange that information with other jurisdictions on an annual basis. It sets out the financial account information to be exchanged, the financial institutions that need to report, the different types of accounts and taxpayers covered, as well as common due diligence procedures to be followed by financial institutions. Part I of this report gives an overview of the standard. Part II contains the text of the Model Competent Authority Agreement (CAA) and the Common Reporting and Due Diligence Standards (CRS) that together make up the standard.
The new standard draws extensively on earlier work of the OECD in the area of automatic exchange of information. It incorporates progress made within the European Union, as well as global anti-money laundering standards, with the intergovernmental implementation of the US Foreign Account Tax Compliance Act (FATCA) having acted as a catalyst for the move towards automatic exchange of information in a multilateral context.
Thursday 13 February 2014, 10H00 at the OECD (Paris)
OECD 10/02/2014 – Co-operation between tax administrations is critical in the fight against tax evasion. A key aspect of that co-operation is exchange of information between jurisdictions. Political interest has increasingly focused on the opportunities provided by automatic exchange of information. In 2013, the G20 endorsed automatic exchange as the expected new standard, and asked the OECD to work with countries toward the development of this new multilateral standard.
Pascal Saint-Amans, director of the OECD Centre for Tax Policy and Administration (CTPA), and Achim Pross, head of the Centre’s international co-operation division, will present the result of that work during a briefing for the press starting at 10H00 on Thursday 13 February 2014 at the OECD. The new Common Reporting Standard will be presented for endorsement to G20 ministers of finance and heads of central banks during a ministerial-level meeting in Sydney, Australia on 22-23 February.
Organization for Economic Cooperation and Development