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03/10/2010OECD Attempts to Facilitate Cross-Country Audits of Globally Active High Net Worth Persons

The Organization for Economic Cooperation and Development OECD has published details of the 6th Meeting of the Forum on Tax Administration FTA that was held on September 15 16. Representatives of 42 tax authorities agreed that putting greater emphasis on joint tax audits can be an important means of increasing international coordination. Joint audits were seen to be a method of reducing the cost of dealing with separate audits by different tax authorities. In future it is proposed that taxpayers will encounter joint audits between FTA participating countries.

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