1.

What is the main objective of the proposed international automatic exchange of tax and banking information?

A. To improve domestic tax compliance
B. To facilitate a systematic and periodic transmission of bulk taxpayer information by the source country of income to the country of residence of the taxpayer
C. To exchange information on the basis of requests only on suspected tax evasion and other financial crimes
D. None of the above
Answer» C. To exchange information on the basis of requests only on suspected tax evasion and other financial crimes


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