1.

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

A. To improve domestic tax compliance
B. To facilitate a systematic and periodic transmission of bulk detailed taxpayer information by country of source of income to the country of residence of the taxpayer
C. To exchange information only on the basis of requests on suspected tax evasion and other financial crimes
D. neither of the above
Answer» C. To exchange information only on the basis of requests on suspected tax evasion and other financial crimes


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