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Uruguay and Argentina agree to exchange tax data. Uruguay changes its Banking Secrecy Rules

Uruguay and Argentina agreed to exchange tax data in a deal that gives Argentine inspectors the power to dig up information on savers with bank accounts in the neighbouring country, officials said yesterday. The agreement followed months of negotiations. The Organization for Economic Cooperation and Development (OECD) had urged Uruguay to strike such accords with its biggest trading partners, among them Argentina and Brazil. Both countries’ legislatures are expected to ratify the deal by mid-year. It…
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