Despite widespread adherence to international tax standards, their effective use remains uneven in Asia, according to a report by the Organisation for Economic Co-operation and Development (OECD) released on Thursday 27 April at the fourth meeting of the ‘Asia Initiative’ in New Delhi, India.
For the time being, the twenty-two Asian members of the ‘Global Forum on Transparency and Exchange of Information for Tax Purposes’ are implementing the standard of transparency and exchange...