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Taxation: International Co-operation

Treasury written question – answered on 13th June 2011.

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Photo of Toby Perkins Toby Perkins Shadow Minister (Education)

To ask the Chancellor of the Exchequer what discussions he has had with his G20 counterparts on developing a system for the automatic exchange of information between tax jurisdictions.

Photo of David Gauke David Gauke The Exchequer Secretary

The focus of discussions in the G20 on tax is on ensuring that all jurisdictions implement the internationally agreed standard for exchange of information on request. Automatic exchange of information is particularly important within the EU, where discussions have focused on strengthening relevant directives, notably the savings directive which provides for automatic exchange of information on savings income.

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