Establishing and Running an Effective Exchange of Information Function: A joint Global Forum and ATAF Toolkit
The globalisation of economies with its direct and indirect effects such as an increase in cross-border flows of capital contributes to wealth creation and offers new opportunities to tax administrations. However, it also exacerbates the tax risks associated with cross-border transactions. In fact, taxpayers, their capital and assets are essentially mobile, unlike tax administrations which do not have the power to investigate their taxpayers’ affairs beyond their national borders.