IN Paris
on the occasion of the COP21, the Billy Graham Talagi, Minister
for Ministry of Natural Resources of Niue signed the Multilateral Convention
on Mutual Administrative Assistance in Tax Matters in the presence of Deputy
Secretary General Rintaro Tamaki.
Developed by the OECD and the Council of Europe, the Convention provides a
comprehensive multilateral framework for international tax co-operation. Its
coverage includes administrative assistance between tax authorities for information
exchange on request, automatic exchange, simultaneous tax examinations and
assistance in the collection of tax debts.
Since the G20 put financial sector transparency and tax evasion on the international
agenda in 2009, the Convention has become a central element of international
cooperation efforts. It is seen as the ideal instrument for the swift implementation
of the new international Standard for Automatic Exchange of Financial Account
Information in Tax Matters developed by the OECD and G20 countries.
In October, on the occasion of the meeting of the Global Forum on Transparency
and Exchange of Information for Tax Purposes in Barbados, Niue signed the Multilateral
Competent Authority Agreement which operationalises the Automatic Exchange
of Financial Account Information, which Niue has committed to implement with
first exchanges by 2017.
The Convention will also be critical for implementation of automatic exchange
of country by country reports under the OECD/G20 Base Erosion and Prof
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