Implications to Hong Kong of Adopting More Liberalized Tax Information Exchange Provisions

Abstract

Abstract Hong Kong recently implemented the necessary changes to the domestic legislative to enable it to adopt the expanded exchange of information provisions based on the 2004 Organization for Economic Co-operation and Development (OECD) model convention for bilateral tax agreements. These amendments are expected to facilitate bilateral treaties, mitigate and negative perceptions of transparency and also avoid sanctions which have been threatened by the OECD member countries. This paper discusses the implications to Hong Kong of adopting the more liberal exchange of information provisions.