G5 Ministers on Automatic Information Exchange and BEPS

On April 28th, 2014 the G5 Ministers held a meeting on tax fraud and evasion to discuss their common work and to decide further action. At the meeting, the Ministers stressed the importance of automatic exchange of information (AEOI) to tackle tax fraud, in particular off-shore tax evasion, and to promote tax compliance. They also made the decision to move forward with making arrangements to sign AEOI agreements along with 39 other jurisdictions that have committed to adoption of the new OECD g…