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ARTICLE · 09 NOVEMBER 2016

Data Leaks And CRS Reporting

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The OECD's commentary on section 5 of the CRS boasts that 'confidentiality of taxpayer information has always been a fundamental cornerstone of tax systems'...

United KingdomPrivacy
Filippo Noseda
Filippo Noseda
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The OECD's commentary on section 5 of the Common Reporting Standard ('CRS') boasts that 'confidentiality of taxpayer information has always been a fundamental cornerstone of tax systems' and that 'the ability to protect the confidentiality of tax information is also the result of a "culture of care" within a tax administration'.

With this in mind, it would be interesting to see how the OECD might comment on past data protection scandals – such as the online publication of every Italian's declared earnings and tax contributions in 2008 (see article here). Perhaps more worrying is the letter sent yesterday by Yahoo! to the office of the US Director of National Intelligence, in which it would appear that the US government is continuing to use anti-terror legislation to collect vast amount of data, and the web company is challenging government orders for Yahoo!s data.   

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