OECD wants global tax ID

| 29/05/2009

(Business Standard): Following an agreement with 84 jurisdictions on transparency and tax information exchange standards, the Organisation for Economic Cooperation and Development (OECD) says it is now working onimproving the mechanism with a global tax identification number. In addition, OECD has identified at least four tax jurisdictions — Jamaica, Qatar, Botswana and Ghana — whose tax information system would be studied to find out if they are emerging as the new tax havens following the crackdown on the existing ones. “A lot of work on having a common denominator on tax information exchange is going on.

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