(Bloomberg) Switzerland and Singapore agreed to automatically share bank data across borders as governments around the world seek to crack down on tax evasion.

The accord backed by ministers at a meeting of the Organization for Economic Cooperation and Development in Paris commits 47 countries to sharing bank data across borders to prevent residents from dodging taxes, according to a statement issued by the OECD today.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access