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Motion - automatic information exchange between tax authorities

Christine Milne 6 Feb 2013

Leader of the Australian Greens (Senator Milne): To move-That the Senate-

(a) notes that off-shore tax havens are a vehicle for international corruption with a current value of at least $21 trillion globally;

(b) supports the European Union Savings Directive, the United States of America, the OECD and all other countries working to implement a comprehensive international agreement of automatic tax information exchange between revenue agencies, so that a receiving country will immediately report to another country when its citizen or corporation has transferred assets or income into its jurisdiction;

(c) is highly critical of the 'Rubik Agreements' signed between Switzerland and the United Kingdom, and Switzerland and Germany, used to undermine international progress towards closing the loopholes in the current multilateral agreement; and

(d) urges the Government to work towards implementing a comprehensive global agreement on automatic tax information exchange.

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