On 10 May 2014, the Tax Commissioner made his closing remarks at the G20 Tax Symposium held in Tokyo, Japan. A key issue raised by a broad range of representatives was the need to improve the international tax system. “While there are differences of opinions, the discussion over the past 2 days demonstrated a significant amount of goodwill and a willingness to cooperate on what will be difficult issues as we get to the sharper end of addressing the deficiencies in the international tax system,” Mr Jordan said.
In relation to fostering greater cooperation, Mr Jordan said the ATO was “already working with other tax agencies on sharing intelligence, risk assessments and compliance action”. Further he said: “16 Tax Commissioners from across Asia will join me in November to further our regional response to BEPS and increase tax transparency. Like the Symposium, we will be listening to each other’s views, supporting each other and developing multipronged actions to reach common goals.”
[LTN 88, 12/5/14]