October 14 ,2015 | by Hari Sri

OECD lists the top 10 toughest countries on tax evasion

With more moves to streamline international efforts to combat tax evasion by multinationals, a new tax information exchange agreement now includes 51 countries.

The Organisation for Economic Cooperation and Development (OECD) is behind the new measures to automatically exchange tax information between nations and manage the differences on how tax issues are dealt with.

Top ten countries

The contractor management specialist CXC Global has identified the ten countries with the most aggressive approach to dealing with tax evasion in a recent survey.

Based on information from offices across its global network, CXC Global found that Spain, Germany, Brazil, Russia and Argentina were the most pro-active when it comes to tackling the issue.

The UK came sixth in the list, followed by Australia, Canada, Indonesia and New Zealand.

High profile targets

Germany recently jailed high profile figure and World Cup-winning footballer Uli Hoeness for tax fraud with a sentence of three and a half years, whilst Brazil has accused footballer Neymar of evading around $16m in taxes from 2011 to 2013. Spain has also recently hit the headlines for taking action against top footballers Lionel Messi, Xabi Alonso, and Javier Mascherano.

As the impact of this cross-border co-operation comes into force, it must be expected that some big name companies will fall under the spotlight regarding international taxation issues.

Hari Sri

Hari is the LSBF Blog's News Editor. He manages the editorial content on the blog and writes about current affairs, SME, entrepreneurship, energy, education and emerging market news.

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