New exchange of information versus tax solutions of equivalent effect : 2014 EATLP CongressIstanbul, 29 – 31 May 2014 , Editor:Giuseppe Marino.

Format:

Book

Contributor:

Marino, Giuseppe, (ed.).

European Association of Tax Law Professors. EATLP.

Series:

EATLP International Tax series ; 13.

EATLP International Tax series ; 574-9789 ; 13.

Language:

English

Physical Description:

626 s.

Place of Publication:

Amsterdam : IBFD, 2016.

Summary:

Summary:Thanks to technological applications such as the Internet, social networking, tablets, smartphones and credit cards, more information about us is being collected and stored than ever before. This collecting of information, or so-called "datafication", takes all aspects of life and turns them into data. The result is "big data": large pools of data are captured, communicated, aggregated, stored and analysed. Big data is both evidence of the increasing intrusion into our daily lives as well as a tool to create transparency, competition and growth. If information is power, then big data is the accumulation of power, especially in taxation. 0This book provides a comprehensive survey of the classic methods of exchanging tax information as provided under the OECD Model Tax Convention, tax information exchange agreements, mutual administrative assistance in tax matters and the adoption of Council Directive 2011/16/EU on administrative cooperation and anti-money laundering legislation. Particular attention is given to the rapid international consensus on automatic exchange of information (AEOI) as a direct consequence of the US Foreign Account Tax Compliance Act (FATCA) policy. The book highlights the alternative unilateral tax solutions of equivalent effect, such as the "Rubik agreements" of Switzerland, offshore voluntary disclosure programmes, whistle-blower programmes and offshore tax amnesties, which are used in the meantime until the transparency of AEOI becomes effective - if ever

ISBN:

9789087223489

908722348X