Research On International Tax Information Exchange System

In 2008,the US Subprime Mortgage Crisis triggered global financial tsunami.The major economies suffered serious setback which contains economy downturn,government tax revenue decrease and deficit rate increase.In order to maintain government revenue and alleviate domestic conflicts,the United States took the lead in announcing and implementing the Foreign Account Tax Compliance Act(FATCA).It was the unilateral action taken by the United States' economic and political hegemony to force relevant countries or financial institutions unconditionally to execute reporting obligations.However,this action has led the whole the international tax information exchange system into the world's attention.The most innovative development of International Tax Information Exchange System in the history has been taken place in recent years.This paper focuses on the study of the international tax information exchange system,which contains the origin,development and perfection of the international tax system in detail,and makes a detailed study on the latest application and related issue solution in this field.Finally,we focus on the study of China's tax information exchange system.In the study,we find that there are some problems in this system,such as the lack of legislation,the inefficiency on the tax information exchange,the tax information exchange professionals and the protection of taxpayers' rights.Then we put forward some suggestion to improve this system.