H.E. Dato’ Ibrahim Abdullah, Ambassador of Malaysia to France, represented Malaysia in the ceremony on Thursday, 25 August 2016 for the signing of the amended Convention on Mutual Administrative Assistance in Tax Matters as well as the Declaration on date of effect.
In her opening remarks, Mme. Mari KIVINIEMI, Deputy Secretary-General of the OECD, established historical context by touting the number of jurisdictions that have joined the Convention will pass the bar of 100 after the ceremony. She stressed that in a globalised world, tax authorities cannot work alone. This instrument is the key which opens the door to a full range of cross-border assistance on tax matters. It provides a worldwide network for the exchange of tax information, including information on the ownership of entities, automatic exchange of financial account information and Country-by-Country reports on the activities of MNEs as agreed under the Base Erosion and Profit Shifting (BEPS) Project. It is also a powerful tool for developing countries in the fight against illicit financial flows.
DSG KIVINIEMI then congratulated the latest signatories of the Convention, Malaysia, Burkina Faso, Samoa and Saint Vincent and Grenadines; Saint Kitts for signing and depositing their instrument of ratification as well as Andorra, and Senegal for depositing their instrument of ratification. The aforementioned countries were then praised for taking an important step forward to counteract tax evasion and avoidance and recognized the importance of improving tax transparency.
Group photo with Mme. Mari KIVINIEMI, Deputy Secretary-General of the OECD.
H. HE Dato’ Ibrahim Abdullah, Ambassador of Malaysia to France signing the original of the amended Convention on Mutual Administrative Assistance in Tax Matters as well as the Declaration on date of effect. |
H.E. Dato’ Ibrahim Abdullah, Ambassador of Malaysia to France greeted by Mme. Mari KIVINIEMI, Deputy Secretary-General of the OECD. |