G20 summit: OECD gives progress report on avoidance and evasion

The OECD has presented to the G20 its progress report on tax transparency and exchange of information, including the BEPS action plan and global model for automatic exchange of information. The report notes that a model competent authority agreement for automatic exchange could be available as early as the second half of 2013, with detailed guidance to follow in the first half of 2014. A reporting schema and a first version of the related instructions could also be available in the second half of 2013, to be finalised in the first half of 2014.