The OECD has released a new framework to promote the automatic exchange of information on real estate ownership between tax authorities, especially where properties are held by foreign owners.

This initiative aims to improve tax transparency and help governments detect cross-border tax evasion and illicit financial flows linked to immovable property.

The framework, presented in the OECD’s latest report to the G20 Finance Ministers and Central Bank Governors, complements existing tools such as the Common Reporting Standard (CRS) and Beneficial Ownership Transparency initiatives.

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