Better Communication Needed to Boost Tax Compliance: OECD (1)

Businesses and tax authorities don’t trust each other enough in most jurisdictions, damaging tax compliance, a report released Monday by the Organization for Economic Cooperation and Development said.

Based on interviews with 1,200 tax administration officials in 138 jurisdictions, the report found business behavior is perceived more positively in Asia and in OECD countries—which are mainly rich—than in Africa and in Latin America.

Across all regions, tax officials feel big companies perform routine compliance well, but perceptions are significantly less positive with regard to openness and transparency displayed by business and trust in the information they provide, said the report. ...