Several countries are tackling aggressive tax planning through improved transparency and disclosure, the OECD said.
A new report sets out a range of approaches, from mandatory disclosure to forms of ‘co-operative compliance’.
Early detection and resolution benefits both the taxpayer and governments, the OECD said, in terms of ‘fewer routine audits, increased transparency and a positive impact on compliance culture in general’.
Based on its disclosure rules for tax avoidance transactions, the UK was ‘able to cut off £12 billion in avoidance opportunities’.
Several countries are tackling aggressive tax planning through improved transparency and disclosure, the OECD said.
A new report sets out a range of approaches, from mandatory disclosure to forms of ‘co-operative compliance’.
Early detection and resolution benefits both the taxpayer and governments, the OECD said, in terms of ‘fewer routine audits, increased transparency and a positive impact on compliance culture in general’.
Based on its disclosure rules for tax avoidance transactions, the UK was ‘able to cut off £12 billion in avoidance opportunities’.
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