The Research On Issues Of International Tax Information Exchange

International exchange of tax information is one of the cutting-edge hot topics in the field of current international tax cooperation, which urgently need more research on. With the in-depth development of economic globalization, dependence between the various economies is deepening, and levels of international trade and investment are increasing, and personnel contacts are more frequent than before. The conflicts between the internationalization of economic activity and tax-related information and the fact that the jurisdiction of tax revenue is restricted in territory of a state are growing, so information asymmetry in cross-border economic exchanges is growing seriously day by day. Some sovereign countries or regions reduce the tax burden, provide a variety of favorable tax treatment and even to provide a system of tax havens to attract the investments, which leads to the intensification of international tax competition, and result in some harmful tax competitions. A lot of money operated through tax havens, not only enable investors to cash in the benefits of preferential tax policies and undermine the tax benefits related to the country, but also give terrorists, corrupt officials places to hide illegal funds. In order to monitor the international sources of tax revenue preferably to maintain the state's tax benefits, the international communities have been taking a series of activities and initiatives in this area in recent years. International exchange of tax information is the solution of asymmetric information in international taxation and an effective countermeasure of tax havens and offshore financial center. Since the U.S. sub-prime crisis having triggered a global financial crisis, major countries and international economic organizations have been working harder to promote international tax information exchange.This paper is based on the background paper and tries to launch an in-depth study. Through the relative policies of Organization for Economic Co-operation and Development( OECD for short, following) on tax information exchange and practical experiences on tax information exchange in developed countries for reference, combined with China's tax status of the exchange of information, analyzing the problems of China's tax information exchange, we have given advice and maken suggestions on China's tax information exchange mechanism to safeguard China's rights and interests of international taxation. For example, we should accurately position exchange of tax information in the economic globalization as the main ways of China's participation in international tax competition and cooperation. In civil part, we should improve the relevant laws and systems, enhance the number and legal status of information exchange agreements, and overcome the technical barriers. In practice, we should also attach importance to the protection of legitimate rights and interests of taxpayers. In the main content, this paper first introduces the concept of international tax information exchange and integration of economic globalization and international tax principles expounded on the basis of theoretical background and then introduce the two aspects of foreign and domestic aspects of exchange of information and the latest progress in the development process; by drawing on overseas beneficial experiences and China's actual situation, we can propose some recommendations for China's policy in order for a comprehensive tax information exchange mechanism.This article is intended to address the key issues as following: 1, the problem of exchange of tax information against offshore financial centers; 2, the legal status of the tax information exchange agreements and the relation with domestic law; 3, the conflict of interest issues in the exchange of tax information between not only tax authorities and taxpayers, but also countries; 4, the supervision and urging of international exchange of tax information. Innovations of this article is that by researching on the OECD norms and foreign intelligence related to the practical experience of exchange of tax information, we point out that their referential significance, and combine with our practical tax information exchange issue, China's actual situation and then give policy recommendations required by the development.