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On the 6th September, G20 Leades’ Declaration and OECD’s Action Plan on base Erosion and Profit shifting was adopted at the G20 summit. Aforesaid documents are designed to deter tax avoidance.

DATE: September 18, 2013 | AUTHOR: atlawyers

They approve new standards of automatic data exchange for tax purposes and set the road map for adapting new standards by G20 countries, which shall take place within next two years. According to the experts’ opinion, contemplated measures will substantially reduce scope of offshore tax optimization schemes.

Posted in Corporate Law News

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