Sentence examples for automatic information exchange from inspiring English sources

If you are inclined to dismiss G8 meetings as mere theatre, check the recent commitments to automatic information exchange in Luxembourg, the Caribbean and east Asia.

Even bankers talk resignedly about the need to reach a settlement soon, although few agree what it should look like (and even fewer would countenance automatic information exchange).

Whether automatic information exchange can be introduced "without great damage", as he confidently declared, remains to be seen.Correction: A previous version of this article wrongly stated that Norway and Iceland are the EEA's only other two members.

But those deals have been challenged by the European Commission because, the commission argues, they undermine its efforts to set up deals for automatic information exchange with Switzerland, which does not belong to the European Union.

"The model would generate tax revenues while respecting the privacy of bank clients and it would represent an efficient alternative to a system of automatic information exchange," Urs P. Roth, chief executive of the Swiss Bankers Association, said at a news conference.

The US Facta now requires tax havens to maintain all the information needed for full automatic information exchange on all individuals and the schemes they operate, while the EU's new rules for banks have set a precedent for all companies that operate internationally.

Automatic information exchanges must extend to African tax authorities and Africa must be supported to build capacity for tackling tax avoidance, evasion, and the illicit transfers of wealth.

The plan, called "the G5 pilot", would enable automatic information exchanges.

Earlier this year the Isle of Man signed tax sharing agreements with both the US and UK governments and more recently entered the "G5 pilot," which would enable automatic information exchanges with France, Germany, Italy and Spain, along with the UK.

The rapid introduction of multilateral automatic tax information exchange between tax agencies in every single jurisdiction.

As the largest economy in the world, we could also demand that the G20 adopt a global system of automatic tax information exchange between jurisdictions, making it nearly impossible for wealthy tax evaders to hide behind tax haven secrecy laws in offshore locations.