WHAT DOES THE TRADE AND COOPERATION AGREEMENT (TCA) SAY?
Not very much.
The TCA includes:
a commitment to implement principles of good governance and, in particular, global standards on tax transparency and exchange of information and fair tax competition;
an affirmation of the OECD’s Base Erosion and Profit Shifting Action (BEPS) Plan; and
an undertaking to improve international cooperation in the area of taxation and facilitate the collection of tax revenues.
Click on the PDF below to read the Client Alert in full.