Research On Automatic Exchange Of Tax Information

The OECD released the full version of Standard for Automatic Exchange of Financial Account Information in Tax Matters,which marked the the beginning of the new era in international tax administration to offshore tax evasion.It also marked the automatic exchange of information became the new standard in Transparency and Exchange of Information,Before then,the European Union,Switzerland and the United States had been put forward the automatic exchange of information standards.In 2015,China joined the Standard for Automatic Exchange of Financial Account Information in Tax Matters,and promised to carry out automatic information exchange in 2018.Facing the diversified standards,it is a challenge for China to react and assimilate,which constitutes a part of research contents in this essay.Further more,this article also mentions that how should China change itself from a regular recipient to a regular constitutor.In addition to the Introduction and Conclusion,this thesis consists of three parts:Chapter 1 firstly introduces the concept and the influence of automatic exchange of information.It then introduces the development of automatic exchange of information systems,including the Rubik Agreement,the Saving Directive and Administrative Cooperative Directive,FATCA,the Standard for Automatic Exchange of Financial Account Information in Tax Matters.Chapter 2 analyzes the three main existing problems of the automatic exchange of information.Firstly,in automatic exchange of information systems,the right and obligation of developed countries and developing countries are not reciprocal.Secondly,the effective supervise and promotion system has not been set up in the automatic exchange of information.Finally,it discusses the main problems in the implementation on domestic law level,such as the taxpayer's private right and the financial institutions compliance costs.Chapter 3 focuses on how to improve automatic exchange of information system from the perspectives of international law and the domestic law.It firstly sets forth that the principle of reciprocity should become the basic principle on automatic exchange of information.On the basis of the existing automatic exchange of information,the article also provides some relevant suggestions to improve the automatic exchange of information system in our country.