On 29 October 2014, the OECD announced that 51 jurisdictions have signed the Multilateral Competent Authority Agreement On Automatic Exchange Of Financial Account Information. The agreement specifies the details of what information will be exchanged and when, as set out in the Standard for Automatic Exchange of Financial Information in Tax Matters.
Three of the signatories, Albania, Aruba and Austria, have agreed to begin information exchange by September 2018, while the following 48 signatories have agreed to begin by September 2017:
Anguilla, Argentina, Belgium, Bermuda, British Virgin Islands, Cayman Islands, Colombia, Croatia, Curacao, Cyprus, Czech Republic, Denmark, Estonia, Faroe Islands, Finland, France, Germany, Gibraltar, Greece, Guernsey, Hungary, Iceland, Ireland, Isle of Man, Italy, Jersey, Korea, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Mauritius, Mexico, Montserrat, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Turks & Caicos Islands, and United Kingdom
The United States did not sign the agreement because it will automatically exchange information under the Foreign Account Tax Compliance Act (FATCA) beginning in 2015.
Click the following link for the full multilateral competent authority agreement.
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