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Fight against tax evasion: PACE in favour of retroactivity with regard to data exchange

Strasbourg, 12.03.2010 - The Assembly today adopted, in its Standing Committee, an opinion on the draft protocol to the Convention on mutual administrative assistance in tax matters. In its opinion, prepared by Pieter Omtzigt (Netherlands, EPP/CD), PACE paid special attention to the need to protect personal data, as well as administrative assistance in criminal tax matters and the compatibility of the text with European Union law. It also expressed strong support for retroactivity with regard to data exchange in criminal tax matters.

The Convention, opened for signature in 1988, was prepared jointly by the Council of Europe and the Organisation for Economic Co-operation and Development (OECD). In the light of the ongoing financial and economic crisis, the two organisations have decided to update it by the means of a protocol, in order to align it to internationally agreed standards of transparency and information exchange in tax matters, and to open this multilateral legal instrument to accession by countries throughout the world.
 

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