Non disclosure of tax evaders?
Wes Da Monie | 26.01.2011 15:16
Recent article highlights clause in international Double Tax Avoidance Agreement for exchange of details between govs.
Interesting piece by Bibek Debroy 
http://www.indianexpress.com/news/holes-in-swiss-cheese/742291/0
Article 26 of the OECD Model Tax Convention on Income and Capital states
“Any information received under paragraph 1 by a Contracting State shall be treated as secret in the same manner as information obtained under the domestic laws of that State, and shall be disclosed only to persons or authorities (including courts and administrative bodies) concerned with the assessment or collection of, the enforcement or prosecution in respect of, the determination of appeals in relation to the taxes referred to in paragraph 1, or the oversight of the above. Such persons or authorities shall use the information only for such purposes. They may disclose the information in public court proceedings or in judicial decisions.”
This says one thing to me, for those concerned.
If you've got a funny handshake, you will be ok as the Bankcorpolitico will live to see another day. If you haven't, you will be made the scapegoat, if this $22 Trillion global tax scandal ever blows up.
Anonymous, it's free to join, no registration required.
http://www.indianexpress.com/news/holes-in-swiss-cheese/742291/0 Article 26 of the OECD Model Tax Convention on Income and Capital states
“Any information received under paragraph 1 by a Contracting State shall be treated as secret in the same manner as information obtained under the domestic laws of that State, and shall be disclosed only to persons or authorities (including courts and administrative bodies) concerned with the assessment or collection of, the enforcement or prosecution in respect of, the determination of appeals in relation to the taxes referred to in paragraph 1, or the oversight of the above. Such persons or authorities shall use the information only for such purposes. They may disclose the information in public court proceedings or in judicial decisions.”
This says one thing to me, for those concerned.
If you've got a funny handshake, you will be ok as the Bankcorpolitico will live to see another day. If you haven't, you will be made the scapegoat, if this $22 Trillion global tax scandal ever blows up.
Anonymous, it's free to join, no registration required.
Wes Da Monie