Mandatory Disclosure Rules, Action 12 - 2015 Final Report
The lack of timely, comprehensive and relevant information on aggressive tax planning
strategies is one of the main challenges faced by tax authorities worldwide. Mandatory
disclosure regimes can enable countries to quickly respond to tax risks by providing
early access to such information. This report includes an overview of mandatory disclosure
regimes, based on the experiences of countries that have such regimes, and sets out
recommendations for a modular framework for use by countries wishing to implement
or amend mandatory disclosure rules in order to obtain early information on aggressive
or abusive tax planning schemes and their users. The recommendations provide the necessary
flexibility to balance a country’s need for better, more timely information with the
compliance burdens for taxpayers. This report also sets out specific recommendations
for rules targeting international tax schemes, as well as for the development and
implementation of more effective information exchange and co-operation between tax
administrations.
Published on October 05, 2015Also available in: Spanish, French, Korean
In series:OECD/G20 Base Erosion and Profit Shifting Projectview more titles