Tax information exchange agreement

Last updated

Tax information exchange agreements (TIEA) provide for the exchange of information on request relating to a specific criminal or civil tax investigation or civil tax matters under investigation. [1]

Contents

A model TIEA was developed by the OECD Global Forum Working Group on Effective Exchange of Information. This exchange of information on request was supplemented by an automatic process on 29 October 2014. [2] The automatic process is to be based on a Common Reporting Standard.

Purposes

Typically, a TIEA contains the following provisions:

Bilateral agreements (by date of signature)

Controversies

The legality of Intergovernmental Agreements (IGAs) has been challenged on the basis that any agreement between governments which bind each government essential represents a treaty. As the United States constitution does not permit the Executive Branch to unilaterally implement treaties without the consent of the senate, many maintain that IGAs lack a basis in the US constitution. [3] IGAs were not described or envisioned in the FATCA legislation, but were conceived and implemented after the fact when it became clear that FATCA would fail without them. [4]

See also

Related Research Articles

Each entry below presents a list of topics about a specific nation or state (country), followed by a link to the main article for that country. Entries for nations are in bold type, while those for subnational entities are in normal (unbolded) type.

At the 1996 Summer Olympics in Atlanta, 44 events in athletics were contested. There were a total number of 2053 participating athletes from 191 countries.

<span class="mw-page-title-main">Apostolic nunciature</span> Official diplomatic representation of the Holy See

An apostolic nunciature is a top-level diplomatic mission of the Holy See that is equivalent to an embassy. However, it neither issues visas nor has consulates.

<span class="mw-page-title-main">1987 IAAF World Indoor Championships</span> International athletics championship event

The 1st IAAF World Indoor Championships in Athletics were held in Indianapolis, United States from March 6 to March 8, 1987. The championship had previously been known as the World Indoor Games, which were held once before changing the name.

<span class="mw-page-title-main">United Nations geoscheme for the Americas</span> United Nations geoscheme for North America and South America

The following is an alphabetical list of countries in the United Nations geoscheme for the Americas grouped by subregion and intermediate region. Note that the continent of North America comprises the intermediate regions of the Caribbean, Central America, and Northern America.

The 2005 Caribbean Cup was the thirteenth edition of the Caribbean Cup hosted by Barbados and won by Jamaica. In all, 30 countries were invited, of which, 22 participated and 8 withdrew.

The 1986 World Junior Championships in Athletics was the inaugural 1986 edition of the World Junior Championships in Athletics. It was held in Athens, Greece on 16–20 July.

This is a list of articles holding galleries of maps of present-day countries and dependencies. The list includes all countries listed in the List of countries, the French overseas departments, the Spanish and Portuguese overseas regions and inhabited overseas dependencies.

<span class="mw-page-title-main">2011 Special Olympics World Summer Games</span> Multi-sport event in Athens, Greece

The 2011 Special Olympics World Summer Games, was a sporting event in Athens, Greece. The opening ceremony of the games took place on 25 June 2011 at the Panathenaic Stadium and the closing ceremony was held on 4 July 2011.

<span class="mw-page-title-main">World Bank high-income economy</span> Income classification for countries

A high-income economy is defined by the World Bank as a country with a gross national income per capita of US$13,845 or more in 2022, calculated using the Atlas method. While the term "high-income" is often used interchangeably with "First World" and "developed country," the technical definitions of these terms differ. The term "first world" commonly refers to countries that aligned themselves with the U.S. and NATO during the Cold War. Several institutions, such as the Central Intelligence Agency (CIA) or International Monetary Fund (IMF), take factors other than high per capita income into account when classifying countries as "developed" or "advanced economies." According to the United Nations, for example, some high-income countries may also be developing countries. The GCC countries, for example, are classified as developing high-income countries. Thus, a high-income country may be classified as either developed or developing. Although Vatican City is a sovereign state, it is not classified by the World Bank under this definition.

<span class="mw-page-title-main">2005 Central American and Caribbean Championships in Athletics</span> International athletics championship event

The 2005 Central American and Caribbean Championships in athletics were held at the Thomas Robinson Stadium in Nassau, Bahamas, between 8–11 July 2005.

National records in athletics are the marks achieved by a nation's best athlete or athletes in a particular athletics event. These records are ratified by the respective national athletics governing body. A national record may also be the respective continental record (also called "area record", or even the world record in that event.

<span class="mw-page-title-main">2014 World Junior Championships in Athletics</span> Sportive competition

The 2014 World Junior Championships in Athletics was an international athletics competition for athletes qualifying as juniors which was held at the Hayward Field in Eugene, Oregon, USA, on 22–27 July 2014. A total of 44 athletics events were contested at the championships, 22 by male and 22 by female athletes. A total of 1546 athletes from 175 countries were participate.

<span class="mw-page-title-main">Visa policies of British Overseas Territories</span> Policies on permits required to enter the British Overseas Territories

The British Overseas Territories maintain their own entry requirements different from the visa policy of the United Kingdom. As a general rule, British citizens do not have automatic right of abode in these territories.

This is a list of the Estonia national football team results from 2010 to 2019.

<i>ISS</i> (2000 video game) 2000 video game

International Superstar Soccer is a football video game in the International Superstar Soccer series by Konami. International Superstar Soccer is a game for one or two players, or even up to four players with the PlayStation's multitap.

References

  1. "Model agreement on exchange of information on tax matters, developed by the OECD Global Forum Working Group on Effective Exchange of Information". OECD Global Forum Working Group. Retrieved 19 August 2014.
  2. "Automatic Exchange of Information". OECD. Retrieved 5 May 2015.
  3. "IRS Brushes Aside the Constitution to Make Way for FATCA". www.lexisnexis.com. Retrieved 2016-08-14.
  4. "FATCA: "The Worst Law Nobody Has Ever Heard Of," Part I". 2015-01-16. Retrieved 2016-08-14.