Strengthening Tax Compliance Through Cooperation

The 7th meeting of the Forum on Tax Administration, which brought together the heads of tax administrations from 43 countries, concluded with a unified and strengthened commitment to combat offshore tax abuse. Our strategy includes unprecedented sharing and exchange of information and coordinated action to better identify and tirelessly pursue the promoters and users of abusive offshore schemes. Those who once felt safe concealing their money and assets overseas are now in an increasingly risky position. We also focused on the need to work smarter in times of shrinking budgets, and how to strengthen our relationship with large corporations through efficient and effective strategies that benefit both the taxpayer and taxing authority. Our discussion was enriched by the presence of business leaders and we are very grateful for the contribution they made to our meeting.