Automatic Exchange of Financial Information from the Perspective of Tax Fairness and Transparency

Abstract

<p>Tax fairness and transparency concepts have gained increasing prominence in the global tax and financial regulatory landscape in recent years. Automatic Exchange of Financial Information (AEOI) has proven to be an effective tool for implementing these principles. This executive summary briefly overviews the key role AEOI plays in promoting tax fairness and transparency. It explores the mechanisms and framework behind AEOI and highlights its impact on curbing tax evasion and improving the fair sharing of the tax burden between individuals and businesses. Additionally, this summary highlights the implications of AEOI for financial institutions, governments, and taxpayers, and highlights the challenges and benefits associated with its implementation. By considering AEOI from multiple perspectives, this summary aims to contribute to the ongoing international tax discussion and facilitate further research on the multiple dimensions of tax fairness and transparency in the global financial ecosystem.<em></em></p>