OECD Revises Art. 26 of Model Treaty to Allow Group Requests for Exchange of Information

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Saturday, September 1, 2012
Author: 
Bruce Zagaris
Volume: 
28
Issue: 
9
Abstract: 

On July 18, 2012, the OECD announced that it has updated Article 26 of the OECD Model Tax Convention, which sets out the international standard on exchange of information. The standard provides for information exchange on request, where the information is “foreseeably relevant” for the administration of the taxes of the requesting party, regardless of bank secrecy and a domestic tax interest.