What is the Exchange of Information Exchange program? Exchange of Information is the cross-border sharing of taxpayer information by tax administrations under a legal framework. According to the Organisation for Economic Co-operation and Development (OECD) Global Forum annual report, 2020, multilateral cooperation on transparency and the exchange of information for tax purposes is becoming an increasingly important tool for tax administrations in mobilizing revenues and ensuring that all taxpayers pay what is due. This is on the backdrop of the increased economic globalisation that has made it easy for taxpayers to hide income and assets in other jurisdictions behind layers…
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