Employee Benefits

Summer 2013 International Operations Update

The fight against tax evasion has been at the forefront of international news all summer. Growing pressure for transparency has fueled widespread efforts for advancement in this area, with action taking many forms. We highlight a few relevant developments in this edition of International Operations Update, including coverage of the concerted push to make FATCA the global standard for automatic exchange of information in tax matters, as evidenced by the EU’s recent directive on administrative cooperation; the OECD’s launch of an ambitious action plan against base erosion and profit shifting to low-tax jurisdictions; and the UK’s new program targeting Offshore Employment Intermediaries.

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