Sentence examples for exchange on request from inspiring English sources
The accords call for exchange "on request".
The standards provide for international exchange on request of foreseeably relevant information for the administration or enforcement of the domestic tax laws of a requesting party.
More importantly, the convention doesn't require the automatic exchange of information, but rather exchange "on request", which has proven ineffective (because, in a classic Catch-22 situation, the requesting country often needs much of the information it is seeking in order to put together a request that meets the requirements of the jurisdiction where the untaxed money is thought to be stashed).
If tax information is exchanged on request, as these countries have agreed to, then the benefits from being in these countries will diminish every day".
The government did recently agree to sign an OECD tax convention, but this calls only for "on request" (not automatic) exchange of information.
Monaco is joining Switzerland, one of the countries that told the organization in the last few weeks that it would abide by the standards outlined under Article 26 of the organization's Model Tax Convention, which requires the tax authorities to exchange information on request if there is probable cause to suspect tax evasion.
Bilateral tax treaties normally require such exchanges only on request.
This report analyses the legal implementation of the exchange of information on request standard (EOIR standard) by Monaco, the implementation of the legal system in practice, as well as the exchange of information on request practice throughout the period from 1 October 2013 to 30 September 2016 based on the 2016 Terms of Reference.
This report analyses the legal and regulatory framework against the international standard of transparency and exchange of information on request in Estonia as well as the practical implementation over the period under review (1 January 2014-31 December 2016).
