OECD has emphasized the benefits to tax administrations of the automatic reporting of information by financial institutions for both (a) domestic tax compliance and tax administration and (b) the automatic exchange of information with tax treaty partners

Automatic reporting of information by financial institutions can be very useful to tax administrations for the verification of information reported by taxpayers.

Such automatic reporting by payors of income could be considered the most effective procedure for enabling a Government to acquire relevant tax information.

Many tax administrations also receive certain types of information from banks (e.g., amount of interest payments) on an automatic basis, which greatly facilitates domestic tax administration and potentially expands the types of information that may be exchanged with treaty partners on an automatic basis Tax administrations and taxpayers can benefit from automatic reporting of information by financial institutions.

On the tax side, there has clearly been progress. France imposed on its banks strong transparency and reporting requirements for banking activities in tax havens, in addition to the international standard for information exchange.

If the transmitting State does not generally receive that information from payors of income by a method of automatic reporting, the transmitting State generally cannot exchange information automatically with tax treaty partners.

Previous position include Regional Director, Regional Directorate Director for Information Technology, Directorate of Tax Information Executive Secretary, National Tax Court and head of district, District Tax Office, Jakarta.

As indicated above, OECD has in effect indicated that such automatic reporting is the most effective method of enabling a Government to obtain the relevant tax related information.

(a) Improved financial information reporting.

They lack information on banking and tax procedures

D. Measurement, reporting and communication of information

Recommendation 7 concerning access to banking information for tax purposes proposes that, in the context of counteracting harmful tax competition, countries should review their laws, regulations and practices that govern access to banking information by tax authorities with a view to removing impediments to the access to such information by tax authorities.

Recommendation 8 concerning greater and more efficient use of exchanges of information proposes that countries should undertake programmes to intensify exchange of relevant information concerning transactions in tax havens and preferential tax regimes constituting harmful tax competition.

reliable information reporting structure and comprehensive communications plan

(16) As regards payable taxes, it is required to list item by item tax amount due and not paid at the end of the reporting period according to tax categories.

(h) Reporting procedures, rescue operations, information systems and prosecutions

Reporting of supplementary information under Article 7, paragraph 1

Information provided with respect to non reporting States parties

In addition, automatic reporting enables tax administrations to implement programmes that may benefit taxpayers by reducing their compliance burden.

It considered that the current updating of the tax information, which served as the basis for the common scale, had shown minimal changes from the tax information reviewed two years earlier.

Reporting of supplementary information under Article 7, paragraph 2 Applicability

D. Measurement, reporting and communication of information 33 34 15

D. Measurement, reporting and communication of information 154 164 57

(4) the framework of compliance management and routes for reporting information

Standard electronic format for reporting of information on Kyoto Protocol units1

Five sample tables were provided to facilitate reporting of this information.

17. The reporting instrument does request a substantial amount of information.

First, intergovernmental exchange of tax information, especially automatic exchange of information, should be implemented or intensified if already in operation.

Tax. Full tax. English tax.

The information is made available to the relevant public prosecutor offices and tax authorities.

Information provided with respect to non reporting States parties 46 48 13

UNFPA is examining the requirements for collecting, assigning and reporting this information.

The following are significant issues with regard of exchange of information clauses in tax treaties

Finally, a system for the automatic exchange of tax information among countries would limit the places where tax evaders and money launderers can easily hide their proceeds.

The Department relies on information from the organization for reporting to the Commission.

During the reporting period, the Bosnia and Herzegovina authorities made significant strides towards implementing a single set of tax rules, applicable throughout the country.

Increased coordination and cooperation between Governments entails, inter alia, increased exchange of information in tax matters.

Biographical information on the members of the Committee of Experts on International Cooperation in Tax Matters

Some specific measures, such as exchange of tax information, do not appear to command universal support.

In addition to reporting the estimated effects of policies and measures by gas, the reporting guidelines request Parties to provide this information by sector.

Since reporting of quantity information by countries has many gaps, both organizations use estimates.

92. Considerable progress has been made in developing management information, reporting and analysis systems.

In order that the obligation to exchange information may be broad, a domestic tax interest requirement should not limit the obligation to exchange information.

Income tax (under the Tax

By way of example, ESCWA developed a reporting subsystem that augments and extends Integrated Management Information System functioning to satisfy its local reporting and information requirements, including such features as common services invoicing, a vendor roster and confidential medical information, and generates 160 reports.