OECD Records 60K Tax Ruling Exchanges in Seven-Year Span

Almost 60,000 exchanges of tax information between countries took place from 2016 to 2023, a new peer review report from the OECD shows.

The Organization for Economic Cooperation and Development’s report, released Monday, details the status of the exchange of information between countries on tax rulings, like advance pricing agreements.

APAs are binding agreements between a country and a company on transfer pricing, or the way that related businesses value intercompany transactions. The peer review report is part of the minimum standard for compulsory spontaneous exchange of information agreed to by countries at the OECD to reduce tax avoidance ...