Germany joins international tax protection group
Germany joins international tax cooperative, alongside UK, France and the US
Germany has joined over European countries to help each enforce national tax
laws and collection.
It is the sixteenth member of the OECD-Council of Europe Convention on Mutual
Administrative Assistance in Tax Matters, joining France, UK and the US.
‘This allows for a more effective prosecution of international tax evasion
and tax fraud,’ said Germany’s secretary of state in the Federal Ministry of
Finance Dr Axel Nawrath.
‘Given the convention’s multilateral nature, its benefits grow as more
countries join,’ said OECD secretary-general Angel Gurría.
‘It is a valuable instrument in addressing tax evasion schemes that often
involve more than two countries or are replicated in different countries.’
Further reading:
Swiss unbowed on bank secrecy
laws