18 November 2022- This past week witnessed the tax world focusing on taking tax transparency and exchange of information to the next level during the annual OECD Global Forum on Tax Transparency and Exchange of Information for Tax Purposes (Global Forum) 15th Plenary held in Seville, Spain from 9-11 November 2022.
As business models increasingly evolve to be more digital, non-local and virtual, physical borders have become less relevant in the production and movement of goods and services. Consequently, national tax bases are under constant threat of erosion. In this regard, it is essential to work with and through stakeholders to improve the tax ecosystem to foster greater collaboration and co-operation. Leveraging the benefits of tax transparency and exchange of information supports the pursuit of developing a Tax and Customs system based on voluntary compliance.
