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By Emilien LEBAS, Associate Partner, KPMG *
The exchange of information has been extensively discussed at both the European Union (EU) and the international level (OECD) in the past few years. The starting point of the thinking process on the exchange of information is the idea that, as the world becomes increasingly globalized and cross-border activities become the norm, tax administrations need to work together to ensure taxpayers pay the right amount of tax to the right jurisdiction. From the OECD’s perspective, a key aspect for making tax administrations ready for the challenges of the 21st century is equipping them with the necessary legal, administrative and IT tools for verifying compliance of their taxpayers. Against that background, the OECD considers enhanced...
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