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02 Jul 2020 OECD

International community continues making progress against offshore tax evasion

The international community continues making progress in the fight against offshore tax evasion, with the implementation of innovative transparency standards by the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Nearly 100 countries carried out automatic exchange of information in 2019, enabling their tax authorities to obtain data on 84 million financial accounts held offshore by their residents, covering total assets of EUR 10 trillion.

Read more here.

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