Global Tax Standards

Global tax standards are agreed-upon rules and guidelines shared among countries to ensure fair and consistent taxation practices. They aim to prevent tax evasion, promote transparency, and facilitate international cooperation. Organizations like the OECD develop these standards, which include measures such as sharing financial information between nations and setting rules on how companies should pay taxes across borders. These standards help create a more equitable global tax system, making it harder for individuals and businesses to avoid paying their fair share while fostering economic stability and trust among countries.