Report On Recent Developments – Jun 2014

OECD PUBLISHES STANDARD FOR AUTOMATIC EXCHANGE OF FINANCIAL ACCOUNT INFORMATION In February, 2014, the Organization for Economic Cooperation and Development (“OECD”) published a Standard for Automatic Exchange of Financial Account Information (the “Standard”). In May, 2014, more than 60 jurisdictions including Canada, the U.S., Switzerland, and Israel, endorsed the Standard with the OECD’s Declaration on…

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