Information Centre for Tax Avoidance unite 45 countries

Information Centre for Tax Avoidance unite 45 countries

On October 24 this year in Dublin representatives of tax authorities, members of the Forum on Tax Administration (FTA), including a member of the forum, the Federal Tax Service (FTS), presented a communiqué describing the measures to improve fiscal control.

To coordinate the prompt cooperation of tax authorities in different countries a new international platform called the JITSIC (Joint International Tax Shelter Information Centre) has been created to fight schemes of tax evasion through the use of cross-border schemes. The center will allow the exchange of information about persons who use such schemes. Experts believe that there will be a new format of automatic exchange, whereby the tax authorities from different countries will be able to inform Russia of suspicious actions of its taxpayers. The use of this format will speed up the resolution of disputes relating to the avoidance of double taxation and inevitability of a single taxation.

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