Abstract
The exchange of tax information is essential to prevent fraud and tax evasion. Accordingly, states and international organizations have developed international conventions regarding the exchange of tax information. One example is the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. Some States, including Ecuador, have signed and ratified this Convention. However, it is unclear whether Ecuador currently meets almost all Convention's requirements.In this article, I investigated the Ecuadorian regulations and showed that Ecuador complies with most of the Convention’s standards. However, Ecuador does not have a specific comprehensive law that regulates information exchange. Therefore, Ecuador should develop policies and norms that exclusively regulate tax information exchange to facilitate practical information exchanging with other tax authorities.
Highlights
This article analyzes the Multilateral Convention on Mutual Administrative Assistance in Tax Matters and the particularities, types, and mechanisms of information exchange.Subsequently, we will conduct a study on the standards applicable to the exchange of information to determine whether the Ecuadorian State complies with these standards and describes its capacity to exchange information with other tax authorities effectively.4
Ecuador has regulations that permit tax authorities to access information from accounts, accounting, taxpayers’ bank information, and transactions conducted within Ecuadorian territory
Ecuador does not fully comply with confidentiality standards since there were no procedures or protocols to adequately regulate all aspects of information custody and security at the close of this study
Summary
We used a qualitative descriptive-analytical approach since a detailed analysis of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. We would later assess the generalities of tax information exchange. This study will subsequently use applicable information exchange standards to develop an analytical study to evaluate Ecuador's information availability, access to bank information, confidentiality and information exchange mechanisms standards compliance levels
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
