OECD Alleges Success with Income & Asset Disclosure Initiative

By in

The OECD’s goal to achieve ultimately a global reporting register will reduce tax fraud and shirking, however the beginning of the automatic trading of data has brought about a reduction in individuals and corporations undertaking noteworthy measures in order to conceal or hide assets, a report has released.

By June 2018, experts around the world had recognised almost 100 billion EUR in extra income including taxes, interest or other fines arising from these activities, the organisation claims in its report this month to the G20 gathering of developed nations.