OECD suggests digital register to record real estate ownership, info exchange between countries
The Organisation of Economic Cooperation and Development (OECD) has proposed the automatic exchange of information between countries and the creation of digitalised ownership registers for real estate. The move comes amid concerns about foreign investments being used to hide undeclared assets. The OECD also recommends the interconnection of digitalised ownership registers accessible to relevant government agencies on a real-time basis.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
