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14 January 2008
Categories: News , Companies
OECD hopes to improve tax authorities' effectiveness

A report on how revenue bodies across the world can achieve a more effective relationship with major taxpayers and their advisers has been published by the Organisation for Economic Co-operation and Development.

The report, 'Study into the role of tax intermediaries', prepared by the UK's HMRC and the OECD secretariat, concludes that tax authorities can achieve a more effective and efficient relationship with taxpayers and intermediaries if their actions are based on:

  • commercial understanding,
  • impartiality,
  • proportionality,
  • openess, and
  • responsiveness.

The hope is to reduce the demand from large corporate taxpayers for aggressive tax planning and to give revenue bodies much better information about aggressive tax planning and therefore the opportunity to devise more effective responses.

Overall, implementing the report's recommendations should lead to a more constructive relationship between revenue bodies, taxpayers and tax intermediaries.

Categories: News , Companies
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