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Enhancing International Tax Transparency on Real Estate
OECD Report to G20 Finance Ministers and Central Bank Governors
Following a request from the Indian G20 Presidency, this report examines the current
state of tax transparency concerning foreign-owned real estate. It also explores how
recent advancements in other tax transparency frameworks, such as the OECD/G20 Common
Reporting Standard, and broader policy developments, such as the Financial Action
Task Force’s work on beneficial ownership, could inform possible improvements to tax
transparency in the area of real estate on a voluntary basis. The report is set out
in three main sections. The first addresses the potential tax compliance risks in
the area of foreign real estate holdings and highlights the benefits of enhanced tax
transparency in this area. The second outlines the key domestic and international
features required for a successful tax transparency framework. The final section identifies
potential short-term and structural improvements to the existing architecture.
Published on July 17, 2023Also available in: French