It seems many OECD countries prefer to play this kind of ‘dating’ game among themselves…
Well, believe it or not, there is a bit of a method to it.
This means that any country wanting to receive information must also be able to provide the same quality information in return.
This immediately blocks many developing countries from participating because the systems required by national tax authorities to provide such information are substantial.
As if this were not complicated enough, the worst obstacle – and main point of this blog – is in the final list of “choices” that countries signing the multilateral agreement (MCAA) have to submit: countries are allowed to choose with whom to exchange information among all other signatories of the MCAA, like in a dating system. It means that the choice to engage in automatic exchanges is at the absolute discretion of each country, disclose the actual ‘matches’ (i.e. To put this in context, the EU countries are all exchanging among themselves, and so every EU country already has 27 matches to start with.
In other words, instead of the full potential of transparency with the multilateral agreement MCAA (every country exchanging information with other 83 jurisdictions), the best case (for some OECD countries) is close to half that many. Countries in the Global South that have said they will opt for exchange with other co-signatories, such as Argentina, have only managed 33 relationships.
Here’s my top 3 tips for dating older women: We’ve all told ourselves this at some point.